Mumbai blasts not to affect market sentiment: Montek

Terming the Mumbai serial blasts as an act of terror, the Deputy Chairman said the tragic event should not impact sentiments at the capital market.

"I don't think these things impact investors' sentiment directly," he told reporters.

The BSE benchmark Sensex opened 145 points lower today in the wake of investor worries following yesterday's serial bomb blasts in the country's financial capital, amid a weakening overseas trend.

However, the market pared initial losses as the day progressed.

Ahluwalia said people perceive such events as acts of terrorism and the Government was taking all necessary steps to to reduce the danger of such events.

"But I don't think investors' sentiment is what you should look at. The real concern is the issue of loss of life," he added.

Earlier in the day, while talking to reporters in Mumbai, Home Minister P Chidambaram too had said the yesterday's blasts were not aimed at un-nerving the business centres of the financial capital of the country but were targeted to hit the congested and populated areas.

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