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Infosys market cap jumps by $4 billion, more than Fiji GDP
January 11, 2013 / 12:16 PM / 5 years ago

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

Reuters Market Eye - Shares in Infosys(INFY.NS) 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.

An Infosys logo is pictured on one of the company's office buildings at their IT campus at Electronics City in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/Files

    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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