Nifty futures trading

Can you please inform the way of MtoM profit/loss settled in trader’s account? Some brokers taking closing price of Spot Nifty closing and some brokers taking into account Nifty Futures closing price of the day? Which is the correct procedure?

No. All brokers take Closing Price of Nifty Futures to settle MTM Profit/loss.

Thank you, Akash for the reply. I read somewhere like that. Hence, I asked. Thanks.