Markets extended losses amid profit taking as lack of buying interest by institutional investors dragged the BSE benchmark index below 26,000.

Weakness in RIL, ICICI Bank, Tata Motors and ONGC weighed on the indices heavily.

For the day, the Sensex was down 136 points at 25,991 and the Nifty gave off 42 points to trade at 7,749.

The broader markets underperformed as both the mid and smallcap indices were down 0.4-0.7%.

The markets will remain closed for trading on Tuesday, July 29, on account of Ramzan ID.

The Indian rupee was trading unchanged at 60.11 compared to its previous close. Meanwhile, month-end demand for dollars from crude oil importers is likely to keep the pressure on the Indian currency.

Sectors & Stocks

Consumer Durables, IT, FMCG and Health Care indices closed in green with gains of atleast 0.2%.

Realty index was the top loser down nearly 3% followed by Metal, Oil and Gas and Bankex indices down 0.7-1.5%.

Index heavyweight Reliance Industries was down 1.6% after gaining nearly 5% last week while ICICI Bank was down 1.6% contributing the most to the Sensex losses.

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Sensex sheds 136 points to end below 26,000

Volatile trading ahead of F&O expiry; earnings numbers, capital inflows eyed

Mumbai, July 28:

The Sensex and the Nifty fell nearly 0.6 per cent at the closing session on Monday on heavy selling in realty, metal and oil & gas stocks amid mixed European cues.

The 30-share BSE index Sensex ended at 25,991.23, down 135.52 points and the 50-share NSE index ended at 7,742.05, down 48.4 points.

Among BSE sectoral indices, realty (down 2.69 per cent), metal (- 1.51 per cent), oil & gas ( - 1.29 per cent) and auto ( - 0.78 per cent) indices succumbed to heavy selling pressure. On the other hand, consumer durables, FMCG, IT and TECk indices remained investors' favourite and were up 0.57 per cent, 0.38 per cent, 0.37 per cent and 0.18 per cent, respectively.

HUL, Sun Pharma, BHEL, Wipro and Tata Power were the major Sensex gainers, while the major losers were Coal India, Hindalco, Tata Steel, RIL and Tata Motors.

Selling pressure was witnessed ahead of monthly expiry of derivative contract on July 31.

Also, investors were keeping an eye on the progress of monsoon, earnings numbers of companies, foreign portfolio flows, oil prices and movement of rupee against the dollar this week. With the RBIs next monetary policy meeting scheduled for August 5, interest rates and inflation will also be in focus.

Rajesh Agarwal of Eastern Financiers in a report said: "The markets are expected to start the week on a subdued note due to profit-booking by investors.The services PMI numbers would be declared on the last trading day of the week which is expected to impact the Indian bourses near the close of the week. The Indian bourses are also likely to be impacted by the important result announcements during the week. ICICI Bank, NTPC, Bajaj Corp, JSW Steel, Bank of Baroda, Dabur India, Hindustan Unilever, L&T, UPL, Bharti Airtel, IDFC, ITC, Ranbaxy, CESC, Container Corp, Dr Reddys Lab, DLF, HDIL HCL Tech and Aban Offshore, are expected to declare their Q1 FY15 earnings this week. The markets will be closely watching the macro developments in US and Europe. Overall, we expect markets to hover in the green zone during the week with its fair share of volatility."

Market participants will also turn their focus on the companies monthly auto and cement sales numbers for the month of July. Besides, June HSBC Manufacturing PMI is also scheduled to be released on August 1.

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Sensex sheds 135 points; realty, metal stocks lose shine

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WASHINGTON - Oscar-winning director Michael Moore, famous for documentaries challenging capitalism, has divorced his wife of 22 years following a civil court proceeding in Michigan that drew attention to his wealth.

"'Kathleen and Michael have mutually and amicably reached a divorce settlement'," read a posting this week on Moore's Facebook page, confirming his split from Kathleen Glynn, 56.

Moore - whose films include Fahrenheit 9/11Bowling for Columbine and Capitalism: A Love Story and whose net worth has been estimated at US$50 million (S$62 million) - filed for divorce a year ago.

In court documents, he alleged that Glynn - credited as a producer on several of his films - had problems managing money in recent years.

He notably blamed her for a costly expansion of their 10,000 square foot lakeside home in northern Michigan, valued at US$2 million, the Detroit News newspaper reported.

Moore has previously acknowledged how rich he's become as the most famous documentary filmmaker of his time, insisting that he makes a point of paying his taxes in full.

He is currently busy finalizing the 10th edition of his Traverse City film festival in Michigan, opening on Tuesday.

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Divorce sheds light on director Michael Moores wealth

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Escalating a fight with Mayor Rahm Emanuel, a company that stores enormous mounds of petroleum coke on Chicago's Southeast Side is threatening to sue unless city officials allow the gritty piles to remain uncovered for another four years.

KCBX Terminals, a firm controlled by industrialists Charles and David Koch, is pushing to delay the construction of storage sheds for two years past a 2016 deadline imposed by the Emanuel's administration in response to complaints about black dust blowing into surrounding neighborhoods.

The company also wants to raise the maximum height of its piles to 45 feet rather than the 30-foot limit required under new city regulations, according to documents filed by KCBX that seek several exemptions, known as variances, from the Chicago Department of Public Health.

"If the department denies the variances, KCBX's only recourse would be to challenge the department in court," the company's lawyers wrote in an 88-page request that repeatedly describes the Emanuel rules as an "unreasonable hardship."

KCBX is in the midst of dramatically expanding its storage of petroleum coke, or petcoke, from the nearby BP refinery in Whiting and other refineries across the Midwest. State officials last year cleared the way for the company to handle up to 11 million tons a year of petcoke and coal at its sprawling open-air terminal off Burley Avenue between 108th and 111th streets.

Last year, another Koch subsidiary removed a waterfront mound of petcoke in Detroit under pressure from local political leaders, but KCBX appears to be girding for a long battle in Chicago. Even if the city balks at giving the company what it wants, dragging the dispute into court could keep the piles uncovered indefinitely.

The company's legal threat comes less than a month after the U.S. Environmental Protection Agency accused KCBX of violating the federal Clean Air Act. Pollution monitors recorded high levels of lung-damaging particulate matter on April 12 and May 8 near the Burley Avenue terminal and a second KCBX site a few blocks north off 100th Street.

EPA investigators also used dust wipes to sample the black film coating about a dozen locations in the East Side neighborhood. The EPA said it found the chemical fingerprints of petcoke in five of the samples, with the highest levels found on the exteriors of homes closest to uncovered piles of the refinery byproduct.

In February, Emanuel vowed he would make it too costly for companies to store petcoke in Chicago. "Dumping an environmental product that damages our health is not something that we want to welcome," he told WBEZ radio.

KCBX and its allies responded that Emanuel's regulations sent the wrong message to the business community and could cost Chicago 40 jobs at the company's storage terminals.

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Koch brothers' petcoke firm threatens lawsuit over city rules

Escalating a fight with Mayor Rahm Emanuel, a company that stores enormous mounds of petroleum coke on Chicago's Southeast Side is threatening to sue unless city officials allow the gritty piles to remain uncovered for another four years.

KCBX Terminals, a firm controlled by industrialists Charles and David Koch, is pushing to delay the construction of storage sheds for two years past a 2016 deadline imposed by the Emanuel's administration in response to complaints about black dust blowing into surrounding neighborhoods.

The company also wants to raise the maximum height of its piles to 45 feet rather than the 30-foot limit required under new city regulations, according to documents filed by KCBX that seek several exemptions, known as variances, from the Chicago Department of Public Health.

"If the department denies the variances, KCBX's only recourse would be to challenge the department in court," the company's lawyers wrote in an 88-page request that repeatedly describes the Emanuel rules as an "unreasonable hardship."

KCBX is in the midst of dramatically expanding its storage of petroleum coke, or petcoke, from the nearby BP refinery in Whiting and other refineries across the Midwest. State officials last year cleared the way for the company to handle up to 11 million tons a year of petcoke and coal at its sprawling open-air terminal off Burley Avenue between 108th and 111th streets.

Last year, another Koch subsidiary removed a waterfront mound of petcoke in Detroit under pressure from local political leaders, but KCBX appears to be girding for a long battle in Chicago. Even if the city balks at giving the company what it wants, dragging the dispute into court could keep the piles uncovered indefinitely.

The company's legal threat comes less than a month after the U.S. Environmental Protection Agency accused KCBX of violating the federal Clean Air Act. Pollution monitors recorded high levels of lung-damaging particulate matter on April 12 and May 8 near the Burley Avenue terminal and a second KCBX site a few blocks north off 100th Street.

EPA investigators also used dust wipes to sample the black film coating about a dozen locations in the East Side neighborhood. The EPA said it found the chemical fingerprints of petcoke in five of the samples, with the highest levels found on the exteriors of homes closest to uncovered piles of the refinery byproduct.

In February, Emanuel vowed he would make it too costly for companies to store petcoke in Chicago. "Dumping an environmental product that damages our health is not something that we want to welcome," he told WBEZ radio.

KCBX and its allies responded that Emanuel's regulations sent the wrong message to the business community and could cost Chicago 40 jobs at the company's storage terminals.

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Koch brothers' firm threatens lawsuit over mayor's crackdown