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IIPNOV 13, 2023

Industrial Production Growth at 11.70%

IIP for Sep 2023

1.4σ
NIFTY 50+1.29%vs T-60 baseline
USD / INR-0.15%vs T-60 baseline
INDIA VIX+0.27%vs T-60 baseline
Gilt Fund (10Y proxy)+0.06%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 Print11.70%
Consensus5.82%

Macroeconomic Assessment

IIP grew faster than expected (1.4σ).

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.09%+0.09%+1.29%
USD / INRUSDINR · 1d--0.02%-0.02%-0.15%
India VIXVIX · 1d-+0.72%+0.72%+0.27%
Gilt Fund (10Y proxy)GSEC · 1d-+0.19%+0.19%+0.06%