Stock Broking
Futures Contract
Obligation to buy/sell at a set price on a future date.
A futures contract locks in price today for settlement later — long profits if the price rises, short if it falls. Unlike options, there's no premium and no choice: both sides must honour the contract at expiry (or square off earlier). Retail traders use stock and index futures with margin, marked-to-market daily.
Example
Nifty futures at 24,000: long gains ~₹50 per point rise per lot; a 200-point fall costs ~₹10,000.