Over Rs 4,000 cr loss incurred during terror attacks

The 60-hour terror ordeal that struck Mumbai on Wednesday night caused a blow of nearly Rs 4,000 crore to the financial capital of the country, industry experts said today.

"It is an overall loss of the economy as hotels, shops and all businesses were closed. A minimum of Rs 1,000 crore per day is lost when such a shut-down takes place," Assocham Secretary D S Rawat told PTI.

"If you take the impact for four days due to the siege, then the overall loss could be over Rs 4,000 crore," he added.

On Thursday the Bombay Stock Exchange, National Stock Exchange and Commodity exchanges were shut and many of the corporate offices had reported skeletal staff presence as security forces tried to overcome terrorists, who struck at different parts of the city.

Combined daily turnover of the BSE, NSE and the commodity exchanges is about Rs 32,710 crore.

The attack on the city, which is also the entertainment hub of the country, has greatly affected the television and movie industry with a loss of about Rs 10 crore, estimated during the last three days of terrorist attacks.

According to a film producer, who did not wish to be named said the biggest hit was the theatre business losing about Rs eight crore due to closure of screens.

"TV and film production business is anyway affected and has suffered a loss of about Rs two crore," he added.