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India's Nifty 50 set to fall sharply on coronavirus panic

BENGALURU, March 13 (Reuters) - Indian shares were set for another sharp fall on Friday, as global markets continued to reel under the impact of the fast-spreading coronavirus outbreak, which threatens to disrupt global growth.

The NSE stock futures listed on Singapore Exchange slipped to a more than two-year low, sliding 6.3% by 0241 GMT.

Japan's Nikkei was in free fall, dropping 10% and heading for its worst week since the 2008 financial crisis, while MSCI's broadest index of Asia-Pacific shares outside Japan fell 2%.

The selloff gathered pace after U.S. President Donald Trump spooked investors with a move to restrict travel from Europe, and after the European Central Bank disappointed markets by holding back on rate cuts.

Concerns over the virus have hammered financial markets and disrupted businesses globally as countries around the world grapple with how to contain the outbreak and its economic impact.

Indian stock markets plunged into bear territory on Thursday with the NSE Nifty 50 index plunging 8.3% to its lowest close in 2-1/2 years, and the S&P BSE Sensex sliding about 8% to a near two-year low.

Late on Thursday, India reported its first death due to the virus. (Reporting by Chandini Monnappa in Bengaluru; Editing by Anil D'Silva)