PERM suspension won't hit TCS, Infosys revenues: Kotak

Kotak Neo's Shrikant Chouhan said the US suspension of PERM processing for TCS and Infosys won't impact revenues immediately, as these firms account for only 2-3% of total PERM applications. Indian markets rebounded 400 points after a 1,000-point Sensex drop. Nifty support seen at 22,150; resistance at 23,000 next week.