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IIPMAY 12, 2023

Industrial Production Growth at 4.20%

IIP for Mar 2023

0.2σ
NIFTY 50+0.56%vs T-60 baseline
USD / INR+0.34%vs T-60 baseline
INDIA VIX-0.38%vs T-60 baseline
Gilt Fund (10Y proxy)-0.30%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 Print4.20%
Consensus3.22%

Macroeconomic Assessment

Industrial output matched consensus.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.10%+0.10%+0.56%
USD / INRUSDINR · 1d-+0.22%+0.22%+0.34%
India VIXVIX · 1d--2.80%-2.80%-0.38%
Gilt Fund (10Y proxy)GSEC · 1d-+0.26%+0.26%-0.30%