Markets / Economic calendar

Economic calendar

Updated 02:35

Scheduled events that move Indian markets, with times in IST and how big NIFTY's move usually is on the day that reacts.

Coming up

DateTime (IST)EventImpactNIFTY move on such days
12 Nov
Thu
16:00
after the close
India CPI inflation
Retail inflation for the previous month. It shapes RBI rate expectations; released at 16:00 after the market closes, so the reaction is the next day.
High
±0.91%Bigger than usual
16 Nov
Mon
12:00
during market hours
India WPI inflation
Wholesale inflation for the previous month, released at noon.
Medium
Usually small
30 Nov
Mon
16:00
after the close
India IIP (industrial output)
Factory output for the month before last. Released at 16:00, after the close.
Medium
±0.62%About usual
30 Nov
Mon
16:00
after the close
GDP: Q2 FY27
Growth figures for the quarter or year. Released at 16:00, after the close.
High
±0.57%Smaller than usual
4 Dec
Fri
10:00
during market hours
RBI policy
RBI's repo rate decision and policy statement. Bank, NBFC and rate-sensitive stocks react most; NIFTY and BANKNIFTY straddles often stay firm until 10:00 and then fall.
High
±1.20%Bigger than usual
10 Dec
Thu
00:30
before the open
US Fed decision
The US Federal Reserve's interest-rate decision. It comes out at night in India, so the reaction shows in GIFT Nifty and at the next morning's open.
High
±0.89%Bigger than usual
14 Dec
Mon
12:00
during market hours
India WPI inflation
Wholesale inflation for the previous month, released at noon.
Medium
Usually small
14 Dec
Mon
16:00
after the close
India CPI inflation
Retail inflation for the previous month. It shapes RBI rate expectations; released at 16:00 after the market closes, so the reaction is the next day.
High
±0.91%Bigger than usual
28 Dec
Mon
16:00
after the close
India IIP (industrial output)
Factory output for the month before last. Released at 16:00, after the close.
Medium
±0.62%About usual
7 Jan
Thu
16:00
after the close
GDP: first advance estimate FY27
Growth figures for the quarter or year. Released at 16:00, after the close.
High
±0.57%Smaller than usual
12 Jan
Tue
16:00
after the close
India CPI inflation
Retail inflation for the previous month. It shapes RBI rate expectations; released at 16:00 after the market closes, so the reaction is the next day.
High
±0.91%Bigger than usual
14 Jan
Thu
12:00
during market hours
India WPI inflation
Wholesale inflation for the previous month, released at noon.
Medium
Usually small

NIFTY move on such days: how much NIFTY went up or down, on average, on past days with the same event (an ordinary day: about ±0.66%). "Bigger than usual" means these days tend to be more volatile than normal. For events after 15:30, the next trading day is counted.

MCX energy: weekly US reports

DateTime (IST)Report
5 Nov21:00US natural gas storage (EIA)
11 Nov21:00US crude oil stocks (EIA)
12 Nov21:00US natural gas storage (EIA)
18 Nov21:00US crude oil stocks (EIA)
19 Nov21:00US natural gas storage (EIA)
25 Nov21:00US crude oil stocks (EIA)

Watch the crude oil and natural gas straddles around these times. In US holiday weeks the reports come a day later.

Recent events: how NIFTY reacted

DateEventReaction dayNIFTY moveDay's range
28 OctUS Fed decision29 Oct+1.05%1.34%
28 OctIndia IIP (industrial output)29 Oct+1.05%1.34%
12 OctIndia CPI inflation13 Oct+1.60%1.94%
7 OctRBI policy7 Oct-0.76%0.75%
28 SeptIndia IIP (industrial output)29 Sept-0.28%0.81%
16 SeptUS Fed decision17 Sept+0.23%0.73%
14 SeptIndia CPI inflation15 Sept-1.19%2.03%
31 AugGDP: Q1 FY271 Sept-0.10%0.79%
28 AugIndia IIP (industrial output)31 Aug-0.39%0.56%
12 AugIndia CPI inflation13 Aug-0.16%0.49%
5 AugRBI policy5 Aug+0.04%0.73%
29 JulUS Fed decision30 Jul+0.28%0.64%
28 JulIndia IIP (industrial output)29 Jul+1.10%0.61%
13 JulIndia CPI inflation14 Jul-0.66%0.55%
29 JunIndia IIP (industrial output)30 Jun-0.34%0.86%
17 JunUS Fed decision18 Jun+0.34%0.63%
12 JunIndia CPI inflation15 Jun+0.98%0.82%
5 JunGDP: Q4 FY26 and full-year FY268 Jun-1.04%0.84%
5 JunRBI policy5 Jun-0.21%1.00%
1 JunIndia IIP (industrial output)2 Jun+0.43%1.40%
12 MayIndia CPI inflation13 May+0.14%1.37%
29 AprUS Fed decision30 Apr-0.74%1.20%
28 AprIndia IIP (industrial output)29 Apr+0.76%1.14%
13 AprIndia CPI inflation15 Apr+1.63%0.57%
8 AprRBI policy8 Apr+3.78%0.85%
18 MarUS Fed decision19 Mar-3.26%1.89%
29 JanUS Fed decision29 Jan+0.30%1.18%

Sources: RBI, MoSPI and Federal Reserve published schedules. Dates can change; a release due on a holiday moves to the next working day. Information only, not investment advice.

What time is the RBI policy announced?

At 10:00 IST on the last day of the Monetary Policy Committee meeting, followed by the Governor's press conference.

When is India's CPI inflation released?

On the 12th of each month at 16:00 IST (the next working day if the 12th is a holiday), so markets react the following morning.

When does the US Fed decision come out in India?

At 23:30 IST during US summer time, or 00:30 IST (the next date) in winter. Indian markets react at the next open.

Why does the straddle price fall after big events?

Before an event option prices include the uncertainty. Once the news is out that uncertainty is gone, so premiums often drop sharply (an 'IV crush') unless the market makes a big move.