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IIPAPR 12, 2024

Industrial Production Growth at 4.90%

IIP for Feb 2024

0.3σ
NIFTY 50-2.12%vs T-60 baseline
USD / INR+0.24%vs T-60 baseline
INDIA VIX+12.24%vs T-60 baseline
Gilt Fund (10Y proxy)0.00%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 Print4.90%
Consensus5.83%

Macroeconomic Assessment

Industrial output matched consensus.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d--1.03%-1.03%-2.12%
USD / INRUSDINR · 1d--0.08%-0.08%+0.24%
India VIXVIX · 1d-+3.78%+3.78%+12.24%
Gilt Fund (10Y proxy)GSEC · 1d--0.15%-0.15%0.00%