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Infosys market cap jumps by $4 billion, more than Fiji GDP

Source : REUTERS
Last Updated: Fri, Jan 11, 2013 12:20 hrs
n Infosys logo is pictured on one of the company's office buildings at their IT campus at Electronics City in Bangalore

Reuters Market Eye - Shares in Infosys closed up 16.8 percent on Friday after stellar third-quarter results and an unexpected rise in its fiscal year revenue estimate, adding $4.07 billion to its market capitalization, more than the GDP of Fiji.

Infosys' 16.8 percent jump almost single-handedly kept the Sensex in the black, with 26 of its 30 components closing lower, including index heavyweights Reliance Industries and tobacco major ITC.

Fiji's gross domestic product stood at $3.81 billion in 2011, according to the most recent data available from the World Bank.

(Reporting by Henry Foy)




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