Terming the Mumbai serial blasts as an act of terror, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the tragic event should not impact sentiment at the capital market.
"I don't think these things impact investors' sentiment directly," he told reporters here.
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 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 unnerving the business centres of the financial capital of the country but were targeted to hit the congested and populated areas.