Where can I Spread Bet on the Indian Nifty 50?

You can currently spread bet on the Indian Nifty 50 and other Indices at:

1. GFT : www.gftuk.com/

2. Financial Spreads : www.financialspreads.com

3. Spreadex : www.spreadex.com

4. Paddy Power Trader : www.paddypowertrader.com

5. Tradefair Spreads : www.tradefair.com


Free Demo Account
If you're looking for a free Practice Account / Test Account where you can trial spread betting, including Indices markets like Indian Nifty 50, then you can you can always try:

1. GFT : www.gftuk.com/

2. Financial Spreads : www.financialspreads.com

3. Spreadex : www.spreadex.com

4. Paddy Power Trader : www.paddypowertrader.com

5. Tradefair Spreads : www.tradefair.com

How to Spread Bet on the Indian Nifty 50?


As with many financial markets, you can spread bet on stock market indices eg you can spread bet on Indices, like the Indian Nifty 50, to go up or down.

At the time of writing the Indian Nifty 50 (August) market is 4580 - 4588 with Financial Spreads. This ‘August’ market expires on 27-Aug-09.

Therefore, you can spread bet on the Nifty 50 settling:
Above 4588, or
Below 4580
On the expiry date of 27-Aug-09.

It should be noted that with the Indian Nifty 50 market you trade in £X per point, where a point is one point of Indian Nifty 50 movement.

Eg if your stake was £4 per point and the Indian Nifty 50 moves 10 points then that would be a £40 difference to your P&L.


Each of the above currently offers a free demo account.

Indian Nifty 50 Financial Spread Betting Example


So if, taking the above spread of 4580 - 4588, you have done your market analysis and think that the Index will close above 4588 on 27-Aug-09, then you might buy at 4588 for a stake of, for the sake of argument, £2 per point.

And let's say that by the closing date, 27-Aug-09, the market closes at 4750.

Your profit/loss is worked out by taking the difference between the closing value of 4750 and the opening price of 4588 and then multiplying that by the stake per point of movement.

Profits = (4750 - 4588) x £2 per point stake.

= 162 points x £2 per point stake.

= £324 profit.

However, if the index did not move as forecast and, in fact, had the Nifty 50 had gone down, finishing at 4450, you would have made a loss on this spread bet.

Loss = (4450 - 4588) x £2 per point stake.

= -138 x £2 per point stake.

= -£276 loss.



(Note: Spread trading index quoted as of 27-Jul-09).

Where can I Find Free Live Prices on the Indian Nifty 50?

If you want to access quick live market information then you could do worse than opening an account with a firm like Financial Spreads.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.

There are also live prices available at:
IG Index
Capital Spreads
Financial Spreads
Paddy Power Trader

Where can I Find Free Indian Nifty 50 Charts?

As mentioned above, you can get free charts with spread betting companies like Financial Spreads.
You can alter the charts to see market data by the minute, by the hour, by the week etc, plus many other settings to help you analyse the charts.
As you can see the charts show how the market's are not perfect and how you can expect the prices to "gap".
FinancialSpreads.com also have another pretty handy tool in their free Demo account (mentioned above). You can open a Demo account and place demo trades whilst you practice with no risk or cost attached.

Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.