Impacts
Calls by concerned and panicked citizens resulted in the telephone networks being jammed. Malls, schools and cinema halls across the city were shut down, and the police cordoned off the blast sites.
The effect of the blast on the Sensex was immediately visible with losses exceeding 3.5% reported on Friday after the Bangalore blasts. The 30-share BSE index was down 3.7%, or 529.28 points at 14,228.81, with 23 components in the red. The 50-issue NSE index was down 2.9 percent at 4,305.30.
The government has issued a statement that IT companies in Bangalore were not the target of the blast. Major IT companies based in Bangalore like Wipro and Infosys have reported no impact on their operations and all employees as safe. However, employees were urged to leave for home early. A new security plan for IT and other industries was announced by Minister for Home Affairs Shivraj Patil immediately after the Bangalore serial blasts. Under the new amendment of law Central Industrial Security Force personnel could be used to safeguard private sector industries which till now was limited to public sector undertakings (PSUs).
Read more about this topic: 2008 Bangalore Bombing
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“We are no longer in a state of growth; we are in a state of excess. We are living in a society of excrescence.... The boil is growing out of control, recklessly at cross purposes with itself, its impacts multiplying as the causes disintegrate.”
—Jean Baudrillard (b. 1929)