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IIPNOV 14, 2022

Industrial Production Growth at -4.00%

IIP for Sep 2022

2.9σ
NIFTY 50+0.29%vs T-60 baseline
USD / INR+0.63%vs T-60 baseline
INDIA VIX+1.60%vs T-60 baseline
Gilt Fund (10Y proxy)+1.65%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 Print-4.00%
Consensus7.32%

Macroeconomic Assessment

Major IIP surprise of -2.9σ — contraction in activity.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d--0.11%-0.11%+0.29%
USD / INRUSDINR · 1d-+0.02%+0.02%+0.63%
India VIXVIX · 1d-+3.47%+3.47%+1.60%
Gilt Fund (10Y proxy)GSEC · 1d-+0.12%+0.12%+1.65%