Sensex, Nifty gain; Parliament monsoon session begins

Moneycontrol Bureau10:55 am Market Update: The Sensex rose 45.66 points to 28465.78 and the Nifty gained 17.60 points at 8621.05. About 1139 shares have advanced, 1028 shares declined, and 114 shares are unchanged on the BSE.10:40 am Clean cold technology: A UK-based company has plans to roll out clean cold technology in India to move perishable goods efficiently from producer to consumer and help the country tackle its food crisis by reducing food loss.Dearman is working on developing new technologies to achieve movement of perishable produce through an integrated chain of refrigerated transport and refrigerated storage, broadly referred to as a cold chain."At present, India has approximately 31 million tonnes of cold chain capacity, which is vast, but only approximately 9,000 refrigerated vehicles," said Dearman CEO Toby Peters."That imbalance has to be rectified because when looking to feed a population, to maximise the economic return for producers and to supply vital medicines, the objective is to move goods efficiently from production to consumer, and that requires a network of vehicles," he said. 10:20 am Oil Update: Oil prices edged lower today, dragged down by a firm dollar and ample supply of both crude and refined products.

Expectations of more Iranian supply following a nuclear deal and concerns that economic worries in China and Europe will weigh on demand have put pressure on oil prices this month.

Brent September crude was 14 cents lower at USD 56.51 a barrel, after settling 45 cents lower on Monday. The contract has shed about USD 7 so far this month.

US August crude, set to expire on Tuesday, fell 19 cents to 49.96 a barrel. The front-month contract fell below USD 50 a barrel on Monday for the first time since April and is down some USD 9 a barrel for the month.