Mumbai is slowing limping back on its feet on Monday morning after the cremation of Shiv Sena chief Bal Thackeray on Sunday as taxis and autorickshaws were seen on the roads as Shiv Sena too clarified that it hasn't called for a bandh.

The otherwise bustling financial hub was brought to a halt over the news of Thackeray's death on Saturday.

The clarification was made by Sena spokesman Sanjay Raut in the wake of reports that shops, commercial establishments and educational institutions would remain closed on Monday to mourn the death of Bal Thackeray.

Incidentally, schools and colleges will be re-opening on Monday after Diwali vacation.

Though Shiv Sena has not called for bandh, Federation of Associations of Maharashtra (FAM) has asked its constituents and the trading community to observe bandh in the state on Monday as a mark of respect to the Sena patriarch who passed away on Sunday.

In a statement, FAM has appealed to its constituents to observe Shradhanjali Day on Monday.

"The state of Maharashtra and the trading community has lost a true friend and a well-wisher. Balasaheb was a great son of the soil and a true nationalist who minced no words to express his views," FAM president Mohan Gurnani said.

Various organisations of traders and dealers are affiliated to FAM, including Agriculture Produce Market Committee (APMC) and markets dealing in grains, sugar, dry fruits, metal, iron and steel and chemicals.

The Shiv Sena chief, often described in political circles as the uncrowned king of Mumbai, was given a tearful farewell by an ocean of followers, sympathisers and friends on Sunday evening.