<p>Indian shares were set to fall on Monday, in line with global markets, as emergency rate cuts in the United States and New Zealand and as a host of measures worldwide failed to soothe investors panicked by the rapid spread of the coronavirus.</p>.<p>The NSE stock futures listed on Singapore Exchange were down nearly 4% by 0241 GMT.</p>.<p>The U.S. Federal Reserve slashed rates back to near zero, restarted bond buying and joined other central banks to ensure liquidity in dollar lending.</p>.<p>U.S. stock futures plunged 4.8% to hit their downlimit before daybreak in Singapore. The dollar sank more than 2% against the yen.</p>.<p>Australia's benchmark stock index fell 7% in the first quarter-hour of trade, South Korea's KOSPI was a shade weaker and MSCI's index of Asia-Pacific shares outside Japan off 0.5% to a level not seen since early 2017.</p>.<p>Grim data out of China also weighed on sentiment, with January-February industrial output plunging 13.5% and retail sales down 20.5%.</p>.<p>Last week, world stocks witnessed heavy sell-offs after U.S. President Donald Trump spooked investors with a move to restrict travel from Europe and the European Central Bank disappointed markets by holding back on rate cuts.</p>.<p>Indian stock markets plunged into bear territory on Thursday but recovered on Friday amid hopes of coordinated measures to contain the virus impact.</p>.<p>The NSE Nifty 50 index closed 3.81% higher on Friday, while the S&P BSE Sensex climbed 4%. However, both indexes fell more than 9% last week.</p>
<p>Indian shares were set to fall on Monday, in line with global markets, as emergency rate cuts in the United States and New Zealand and as a host of measures worldwide failed to soothe investors panicked by the rapid spread of the coronavirus.</p>.<p>The NSE stock futures listed on Singapore Exchange were down nearly 4% by 0241 GMT.</p>.<p>The U.S. Federal Reserve slashed rates back to near zero, restarted bond buying and joined other central banks to ensure liquidity in dollar lending.</p>.<p>U.S. stock futures plunged 4.8% to hit their downlimit before daybreak in Singapore. The dollar sank more than 2% against the yen.</p>.<p>Australia's benchmark stock index fell 7% in the first quarter-hour of trade, South Korea's KOSPI was a shade weaker and MSCI's index of Asia-Pacific shares outside Japan off 0.5% to a level not seen since early 2017.</p>.<p>Grim data out of China also weighed on sentiment, with January-February industrial output plunging 13.5% and retail sales down 20.5%.</p>.<p>Last week, world stocks witnessed heavy sell-offs after U.S. President Donald Trump spooked investors with a move to restrict travel from Europe and the European Central Bank disappointed markets by holding back on rate cuts.</p>.<p>Indian stock markets plunged into bear territory on Thursday but recovered on Friday amid hopes of coordinated measures to contain the virus impact.</p>.<p>The NSE Nifty 50 index closed 3.81% higher on Friday, while the S&P BSE Sensex climbed 4%. However, both indexes fell more than 9% last week.</p>