Get Nifty futures live data in Excel (With MarketXLS)

Table of Contents

• What is Nifty Futures?
• What is the difference between NIFTY 50 and NIFTY 50 futures?
• How do you get live Nifty futures data in Excel?
• Summary

Master the dynamics of the Indian stock market! Dive into our comprehensive guide outlining Nifty Futures and how to perceive live Nifty Futures data for keen investment decisions.

What is Nifty Futures?

Nifty Futures is a financial instrument traded on the National Stock Exchange of India. It is a derivative contract based on the Nifty 50 index. This contract allows investors to buy or sell the index at a preset price for delivery on a future date. It is used for hedging and speculative trading. The price of Nifty Futures is driven by the Nifty 50 index value. Thus, any changes in the index directly impact the futures price. It helps investors predict the market’s direction and make informed decisions.

What is the difference between NIFTY 50 and NIFTY 50 futures?

NIFTY 50 is India’s primary stock index that represents 50 of the largest and most liquid Indian companies traded in National Stock Exchange (NSE). It works on a weighted average market capitalization method. On the other hand, NIFTY 50 Futures are derivative contracts, reflecting the probable future value of NIFTY 50. These contracts allow investors to buy or sell the NIFTY 50 index at a predetermined price for a specified period. So, while NIFTY 50 represents the current market status, NIFTY 50 futures indicate the anticipated market performance.

How do you get live Nifty futures data in Excel?

The MarketXLS formula “=FuturesSymbol(“Underlying”,”Expiry Date”)” is a useful tool to generate a futures symbol. After creating the symbol, apply “=zerodhaLast(Futures Symbol)” to extract the price of the future in Excel. Remember, a connection between your MarketXLS and Zerodha is mandatory. As soon as the markets open, data will automatically stream into your Excel.

Summary

Nifty Futures is a financial instrument traded on the National Stock Exchange of India based on the Nifty 50 index. The price of Nifty Futures is directly impacted by any changes in the index. NIFTY 50 represents the current market condition, while NIFTY 50 futures reflect the anticipated market performance. Live Nifty futures data can be fetched in Excel using the MarketXLS formula after establishing a connection with Zerodha. The data helps investors predict market trends and make informed decisions.