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IIPFEB 12, 2024

Industrial Production Growth at 5.60%

IIP for Dec 2023

0.3σ
NIFTY 50-0.18%vs T-60 baseline
USD / INR+0.01%vs T-60 baseline
INDIA VIX+2.33%vs T-60 baseline
Gilt Fund (10Y proxy)+0.25%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 Print5.60%
Consensus6.62%

Macroeconomic Assessment

Industrial output matched consensus.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d--0.76%-0.76%-0.18%
USD / INRUSDINR · 1d-+0.04%+0.04%+0.01%
India VIXVIX · 1d-+3.95%+3.95%+2.33%
Gilt Fund (10Y proxy)GSEC · 1d-+0.15%+0.15%+0.25%