Bollywood superstar Shah Rukh Khan, who is facing the Shiv Sena's ire over his comment for inclusion of Pakistani players in the Indian Premier League (IPL), says he is "saddened" by the controversy and that it is "highly unhealthy, undemocratic and insensitive" on the Sena's part.

"It (the controversy) is very unfortunate. I think it is unhealthy, undemocratic and highly insensitive. But I guess one has to get used to these things around you.

I kind of feel that what I feel and say to youngsters is as an Indian and I am proud to be that. If some situations like this arises, though I wish it didn't, I wish everything settles down...But yes, I do feel saddened by controversies like these, " he told reporters here.

Shah Rukh was here with co-star Kajol to ring the opening bell of NASDAQ, the world's biggest stock exchange, to promote Karan Johar's forthcoming film "My Name Is Khan". The duo became the first Indian actors to ring the bell, an honour usually reserved for CEOs of major corporations.

Asked about the ban that the Shiv Sena plans to impose on the release of "My Name Is Khan" in Mumbai, Shah Rukh said: "The controversy is with me and my statement. It has nothing to do with Karan (Johar), Kajol or the film. I stand up for my comments...there is no excuse for having said what I said and I am proud that I have a take like that."

"My Name Is Khan", one of the most awaited films this year, is set to release Feb 12.