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IIPAUG 12, 2022

Industrial Production Growth at 2.40%

IIP for Jun 2022

13.6σ
NIFTY 50-vs T-60 baseline
USD / INR+0.67%vs T-60 baseline
INDIA VIX-vs T-60 baseline
Gilt Fund (10Y proxy)+0.92%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 Deviationvs consensus, σ-scaled
0.0σ

Actual Print2.40%
Consensus15.95%

Macroeconomic Assessment

Major IIP surprise of -13.6σ — contraction in activity.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.22%+0.22%-
USD / INRUSDINR · 1d-+0.65%+0.65%+0.67%
India VIXVIX · 1d--4.08%-4.08%-
Gilt Fund (10Y proxy)GSEC · 1d-+0.40%+0.40%+0.92%