Swiggy's market capitalization has reached $16 billion, following a surge in its share price to a new high. This increase has been attributed to bullish sentiments from brokerages, notably JPMorgan, which has initiated coverage on the company with an 'Overweight' rating and a target price of Rs 730. Meanwhile, Zomato is set to receive inflows of $513 million after its inclusion in the Sensex, as reported by Nuvama. Zomato has recently surpassed a Tata Group company in market capitalization, marking a significant milestone for the firm.