Bharti Airtel, Vodafone, Tata Teleservices, Idea Cellular defend 3G pacts

Indian stocks fell compared to the fourth day this week, European leaders closed support of Greece and the U.S. Federal Reserve lowered its growth forecast to hurt the prospects for Indian exporters.

Tata Consultancy Services Ltd., the country's largest software services exporter, led by the decline among peers. Sterling Industries (India) Ltd., the largest copper and zinc producer, fell 1.2 percent.

India's BSE Sensitive Index, or Sensex lost 0.2 percent, to 17,430.67 at 09:36 in P CNX Nifty Index Mumbai.S & National Stock Exchange of India Ltd. lost 0.3 percent to 5,244.45. BSE 200 Index retreated less than 0.1 percent.

German and French leaders detained 8000000000 € ($ 11 billion) and warned the European Union assistance to transfer all of Greece, if it votes against the bailout package agreed last nädalal.Fed cut its growth forecasts for 2012 and Chairman Ben S. Bernanke said more would be taken to increase the economic outlook "is still satisfactory." India's largest software companies get about three-quarters of its revenues from abroad.

Overseas investors bought a net 4810000000 rupees ($ 98 million), India's reserves 31st October, raising the total investment in stocks this year, according to website 18700000000 rupees to the market regulator. They gave up net $ 2400000000 in August, the most since 2008.

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Articles Source:- http://economictimes.indiatimes.com/news/news-by-industry/telecom/bharti-airtel-vodafone-tata-teleservices-and-idea-cellular-defend-3g-pacts/articleshow/10588286.cms