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IIPMAR 12, 2024

Industrial Production Growth at 5.70%

IIP for Jan 2024

0.3σ
NIFTY 50-1.50%vs T-60 baseline
USD / INR+0.10%vs T-60 baseline
INDIA VIX+3.07%vs T-60 baseline
Gilt Fund (10Y proxy)-0.04%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 Print5.70%
Consensus6.60%

Macroeconomic Assessment

Industrial output matched consensus.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.01%+0.01%-1.50%
USD / INRUSDINR · 1d-+0.03%+0.03%+0.10%
India VIXVIX · 1d--2.57%-2.57%+3.07%
Gilt Fund (10Y proxy)GSEC · 1d-0.00%0.00%-0.04%