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IIPJUN 12, 2022

Industrial Production Growth at 19.60%

IIP for Apr 2022

NIFTY 50-2.90%vs T-60 baseline
USD / INR+0.44%vs T-60 baseline
INDIA VIX+11.80%vs T-60 baseline
Gilt Fund (10Y proxy)+35.33%vs T-60 baseline
Cross-Asset Reaction Window

The 10-year sovereign is shown as a gilt-fund proxy, whose value moves inversely to yields. Older events use daily closes, so the intraday windows then coincide with the daily close.

Surprise Analysis
Surprise DeviationNo consensus baseline

Actual Print19.60%
Consensus

Macroeconomic Assessment

No consensus estimate was published for this release, so there is no baseline to measure a surprise against.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d--2.64%-2.64%-2.90%
USD / INRUSDINR · 1d-+0.46%+0.46%+0.44%
India VIXVIX · 1d-+14.25%+14.25%+11.80%
Gilt Fund (10Y proxy)GSEC · 1d-+16.30%+16.30%+35.33%