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1.In the above example on step 1 you brought 1 lot (50 shares) of NIFTY Futures at the price of Rs 7643.90.
so how much you paid here
is it only 7643.90 or

50*7643.90 =382,195

or some % of margin money say 10% of 382,195

which is 38219
2. suppose you brought for 38219 and you sold on the same day where nifty fell 100 points. So how much you loose.

50*7543.90=377195
which 37719.50

so loss is 38219 - 37719.50 = 500 ( excluding tax)

is that correct or you have to pay 377195..?

Your loss will be of Rs 5000 (50*100), so you will get 38219-5000= Rs 33219 but to your trading account if you sell it same day.