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Sensex, Nifty Poised For Gap-down Start

(RTTNews) - Indian shares look set to join a global selloff on Friday as coronavirus worries mounted. Global markets are headed for the worst week since the depths of the 2008 financial crisis on fears the coronavirus would become a pandemic and derail economic growth.

The focus remains on countries outside China as new cases slow at the epicenter of the outbreak.

Infections topped 2,000 in South Korea. Japan has about 200 confirmed cases of the pneumonia-causing virus, excluding those that erupted on the Diamond Princess. Italy, Iran and Kuwait reported more cases, while Nigeria confirmed its first infection.

California Gov. Gavin Newsom said Thursday that 33 people have tested positive for COVID-19 and the state is currently monitoring at least 8,400 others a??a day after U.S. health officials confirmed the first possible community transmission of the coronavirus in a Solano County resident.

The deadly virus has the potential to become a pandemic and is at a "decisive" stage, the head of the World Health Organization told reporters in Geneva.
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