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India restarts suspended tourism and business e-visas for Canadians

New Delhi (Reuters) – India resumed issuing e-visas for Canadian tourists and business travellers on Wednesday two months after it suspended such services following a row over Ottawa’s accusation of possible Indian government involvement in the murder of a Canadian Sikh separatist leader.

Though the move is likely to ease tensions slightly, relations between the two countries are not expected to significantly improve in the near future.

“E-visa services to Canadian nationals have resumed,” an Indian government official aware of the decision said on the condition of anonymity, as he was not authorised to speak on the subject.

The official did not say if the decision will lead to a significant thaw in the relationship with Ottawa.

India issues e-visas only for tourism and business for Canadian nationals.

It comes a month after New Delhi had resumed visas under four of the 13 categories that had been suspended in September.

Ties between the countries nosedived after Prime Minister Justin Trudeau told Canada’s parliament that his government was “actively pursuing credible allegations” linking Indian government agents to the murder of Hardeep Singh Nijjar, 45 in a Vancouver suburb.

Nijjar was a proponent of a decades-long, but now a fringe demand to carve out an independent Sikh homeland from India named Khalistan.

ICC Introduces New Gender Eligibility Regulations, Danielle McGahey Barred from Women’s International Cricket

Danielle McGahey, the first transgender player to participate in international cricket, will no longer be able to compete in women’s international games due to a key change in the International Cricket Council’s (ICC) gender eligibility regulations. The ICC board approved the new rules on Tuesday, stating that any player who has transitioned from male to female and has undergone male puberty will be ineligible to play in women’s international cricket, regardless of any gender reassignment surgery or treatment they may have undergone.

McGahey, a 29-year-old batter originally from Australia who moved to Canada in 2020, underwent a male-to-female medical transition in 2021. She made her international debut for Canada in the Women’s T20 Americas Qualifier in September 2023, which served as a pathway tournament to the 2024 T20 World Cup. McGahey has played six T20Is so far, scoring 118 runs at an average of 19.66 and a strike rate of 95.93.

The timing of the ICC’s decision has been deemed unfortunate by Brazil Women’s captain Roberta Moretti Avery, against whose side McGahey played two T20Is and achieved her highest score of 48. Avery respected the ICC’s ruling but expressed concern about the impact on McGahey’s mental health. She stated, “Danielle McGahey was allowed to play in the recent World Cup Qualifier on the basis of the rules that applied at the time. As a result, she was subjected to a lot of abuse from people who have never met her and who do not understand the difficult journey she has been on.”

Avery further added, “It’s unfortunate that this decision has been made after the event, once Danielle’s hopes had been raised and after she has already been exposed to a huge amount of scrutiny and abuse. The ICC lifted the hopes of a whole community, and it feels like those hopes have now been dashed.”

The ICC’s new policy was finalized after a nine-month consultation process with various stakeholders in the sport. The board emphasized that the regulations prioritize the protection of the integrity of the women’s game, safety, fairness, and inclusion. The policy will be reviewed within two years.

ICC CEO Geoff Allardice emphasized the importance of inclusivity but stated that the priority was to protect the integrity of the international women’s game and ensure player safety.

It is worth noting that the review conducted by the ICC medical advisory committee, chaired by Dr. Peter Harcourt, specifically pertains to gender eligibility for international women’s cricket. The regulations at the domestic level will be determined by each individual member board and may be influenced by local legislation, as stated by the ICC.

The ICC’s decision has sparked discussions and debates about the complexities of transgender inclusion in sports, highlighting the ongoing challenge of balancing inclusivity with fairness and maintaining the integrity of women’s sports.

Pakistan’s top court accepts Imran Khan’s plea for bail

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Islamabad (Reuters) – Pakistan’s Supreme Court accepted on Wednesday a bail application from detained former Prime Minister Imran Khan, his lawyer said, a day after another court declared illegal his trial on charges of leaking state secrets.

The former cricket star is fighting various legal battles in the hope of securing release from jail and leading his party in a campaign for a Feb. 8 general election, which his arch rival, another former prime minister, is hoping to win.

The 71-year-old was jailed on Aug. 5 for three years jail for unlawfully selling state gifts during his tenure as prime minister from 2018 to 2022. His lawyer said the Supreme Court had accepted the bid for bail.

“A decision will come in the next hearing after arguments from both sides,” lawyer Naeem Panjutha said in a post of the social media platform X, formerly known as Twitter.

No date had been set for the hearing, he said, adding that the Supreme Court would seek input from the government on the application.

Khan has been at the centre of protracted political turmoil in nuclear-armed Pakistan that has shone a spotlight on the powerful military’s influence over civilian politics.

He was forced from office in 2022 after losing a no-confidence vote in parliament, saying at the time the military was trying to sideline him after he fell out with the generals over top security appointments.

Even though Khan can not run in the February election because of his conviction, his party will face off against the party of Nawaz Sharif, a former prime minister who was ousted in a 1999 coup and forced from power again in 2017 by a court ruling.

Sharif returned home last month from four years of self-exile to help his party retain power.

The political chaos has coincided with Pakistan’s most dire economic conditions in decades, raising concern for the future of the country of 241 million people.

Pakistan has a long record of political rivalries being played out in legal battles.

Khan has had dozens of cases filed against him. He dismisses the charges which he says have been cooked up by his enemies, including the military, to keep him out of politics.

The military, which has ruled directly or overseen civilian governments since Pakistan’s creation in 1947, denies involvement in Khan’s troubles.

In a positive step for Khan, the Islamabad High Court on Tuesday declared illegal his trial on charges relating to an accusation he released a classified cable sent to Islamabad by Pakistan’s ambassador in the United States last year.

The court found that the trial, being held in jail for security reasons, did not meet legal requirements, meaning the prosecution would have to restart the case.

Khan has been convicted and jailed in connection with one case of graft but a court suspended the sentence to allow his release on bail. He remains locked up in connection with other cases.

Israel, Hamas agree 4-day truce for hostage release and aid into Gaza

Gaza/Tel Aviv (Reuters) – Israel’s government and Hamas agreed on Wednesday to a ceasefire in Gaza for at least four days, to allow in aid and release at least 50 hostages captured by militants in exchange for at least 150 Palestinians jailed in Israel.

The first truce in a brutal near seven-week-old war, reached after negotiation mediated by Qatar, was hailed around the world as a sign of progress that could ease the suffering of Gaza’s civilians and bring more Israeli hostages home. Israel said the ceasefire could be extended further, as long as more hostages were freed.

Hamas and allied groups captured around 240 hostages when gunmen rampaged through southern Israeli towns on Oct. 7. Previously, Hamas had released just four.

The official start time for the truce is expected to be announced within 24 hours, with the first hostages to go free on Thursday.

A statement by Israeli Prime Minister Benjamin Netanyahu’s office said 50 women and children would be released over four days at a rate of at least 10 per day. Beyond that, the truce could be extended as long as an additional ten hostages were freed per day.

It made no mention of the release of Palestinian detainees, but Israel’s justice ministry published a list of 300 names of Palestinian prisoners who could be freed.

“Israel’s government is committed to return all the hostages home. Tonight, it approved the proposed deal as a first stage to achieving this goal,” said the government statement.

Hamas said the initial 50 hostages would be released in exchange for 150 Palestinian women and children held in Israeli jails. The truce deal would also allow hundreds of trucks of humanitarian, medical and fuel aid to enter Gaza, the Palestinian group said in a statement.

Israel has placed Gaza under siege and relentless bombardment since the Hamas attack, which killed 1,200 people, mostly civilians, according to Israeli tallies. Since then, more than 14,000 Gazans have been killed, around 40% of them children, according to medical officials in the Hamas-ruled territory, figures deemed reliable by the United Nations.

Qatar’s chief negotiator in ceasefire talks, Minister of State at the Foreign Ministry Mohammed Al-Khulaifi, told Reuters the truce meant there would be “no attack whatsoever. No military movements, no expansion, nothing”.

Qatar hopes the deal “will be a seed to a bigger agreement and a permanent cease of fire. And that’s our intention,” he said.

‘What Truce Can There Be?’

The deal is a first small step towards peace in the most violent ruction of the 75-year-old Palestinian-Israeli conflict. The past seven weeks have shocked the world because of the suffering of civilians on both sides, beginning with the killing of Israeli families in their homes and continuing with destruction rained down on Gaza, home to 2.3 million people.

“What truce can there be after what happened to us? We are all are dead people,” said Mona, a woman in Gaza whose nieces and nephews were among those killed by an Israeli air strike that hit the home of the Seyam family. “This will not bring back what we lost, will not heal our hearts or make up for the tears we shed.”

Kamelia Hoter Ishay, whose 13-year-old granddaughter Gali Tarashansky is believed held in Gaza, said she would not believe reports of a deal until she got a call that the girl was freed.

“And then I’ll know that it’s really over and I can breathe a sigh of relief and say that’s it, it’s over,” she said.

Both Israel and Hamas said that the truce would not halt their broader missions: “We are at war and we will continue the war until we achieve all our goals. To destroy Hamas, return all our hostages and ensure that no entity in Gaza can threaten Israel,” Netanyahu said in a recorded message.

Hamas said in its statement: “As we announce the striking of a truce agreement, we affirm that our fingers remain on the trigger, and our victorious fighters will remain on the look-out to defend our people and defeat the occupation.”

Still there was some hope of a step towards broader peace.

“We hope the truce will happen and there will be good solutions, and we hope people will live peacefully, return to their homes and workplaces with stability,” said Abu Jihad Shameya, a displaced man from north Gaza who had taken refuge in the main southern city Khan Younis.

“May God not prolong this hardship.”

Foreigners Among Those To Go Free

U.S. President Joe Biden was among international leaders who welcomed the deal. Three Americans, including a 3-year-old girl whose parents were among those killed during Hamas’s Oct. 7 attack, are expected to be among the hostages to be released, a senior U.S. official said.

More than half the hostages hold foreign and dual citizenship from some 40 countries including the U.S., Thailand, Britain, France, Argentina, Germany, Chile, Spain and Portugal, Israel’s government has said.

Implementing the deal must wait for 24 hours to give Israeli citizens the chance to ask the Supreme Court to block the release of Palestinian prisoners, Israeli media reported.

Qadura Fares, head of the Commission for Prisoners’ Affairs in the Ramallah-based Palestinian Authority, told Reuters that among more than 7,800 Palestinians imprisoned by Israel were about 85 women and 350 minors.

The armed wing of the Palestinian militant group Islamic Jihad, which participated in the Oct. 7 raid with Hamas, said late on Tuesday that one of the Israeli hostages it has held since Oct. 7 had died.

“We previously expressed our willingness to release her for humanitarian reasons, but the enemy was stalling and this led to her death,” Al Quds Brigades said on its Telegram channel.

The secret negotiations that led to the Gaza hostages deal

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Reuters

This was done without telling other relevant U.S. agencies because Qatar and Israel demanded extreme secrecy with only a few people to be in the know

Shortly after Hamas militants took hostages during their deadly assault on southern Israel on Oct. 7, the government of Qatar contacted the White House with a request: Form a small team of advisers to help work to get the captives freed.

That work, begun in the days after the hostages were taken, finally bore fruit with the announcement of a prisoner swap deal mediated by Qatar and Egypt and agreed by Israel, Hamas and the United States.

The secretive effort included tense personal diplomatic engagement by U.S. President Joe Biden, who held a number of urgent conversations with emir of Qatar and Israeli Prime Minister Benjamin Netanyahu in the weeks leading up to the deal.

It also involved hours of painstaking negotiations including Secretary of State Antony Blinken, CIA Director Bill Burns, national security adviser Jake Sullivan and his deputy Jon Finer, and U.S. Middle East envoy Brett McGurk, among others.

Two officials involved in the effort provided extensive details of the work that led to an agreement in which 50 hostages are to be freed in exchange for 150 Palestinian prisoners during a four-day pause in fighting.

Shortly after Oct. 7, Qatar – a long-established mediator in a volatile region – approached the White House with sensitive information regarding the hostages and the potential for their release, the officials said. The Qataris asked that a small team, which they called a “cell,” be established to work the issue privately with the Israelis.

Sullivan directed McGurk and another National Security Council official, Josh Geltzer, to establish the team. This was done without telling other relevant U.S. agencies because Qatar and Israel demanded extreme secrecy with only a few people to be in the know, the officials said.

McGurk, a seasoned diplomat with deep experience in the Middle East, held daily morning calls with the prime minister of Qatar, Mohammed bin Abdulrahman bin Jassim Al Thani. He reported back to Sullivan and Biden was briefed daily on the process.

Biden got an upfront look at what the victims of the Hamas attack endured when he held an emotional, lengthy meeting on Oct. 13 with the families of Americans who were either being held hostage or were unaccounted for.

Days later, Biden traveled to Tel Aviv for Oct. 18 talks with Netanyahu. The official said securing the release of hostages was a central focus of his discussions with Netanyahu and his war cabinet, as well as humanitarian assistance.

Five days later, on Oct. 23, the White House team’s work helped yield the release of two American hostages, Natalie and Judith Raanan.

From outside Sullivan’s West Wing office McGurk, Sullivan and Finer tracked in real time the captives’ difficult, multi-hour journey out of Gaza.

The return of the two Americans proved it was possible to gain freedom for hostages and gave confidence to Biden that Qatar could deliver through the small team that had been established, the officials said.

Now, an intensified process started to get more hostages out. When this happened, Burns began speaking regularly with Mossad director David Barnea.

Biden saw an opportunity to gain the release of a large number of hostages and that a deal for prisoners was the only realistic path to securing a pause in the fighting, the officials said.

On Oct. 24, with Israel poised to launch a ground offensive in Gaza, the U.S. side got word that Hamas had agreed to the parameters of a deal to release women and children, which would mean a pause and a delay in the ground invasion.

U.S. officials debated with the Israelis whether or not the ground offensive should be delayed.

The Israelis argued that terms were not firm enough to delay, since there was no proof of life for the hostages. Hamas claimed they could not determine who was being held until a pause in fighting began.

Americans and Israelis viewed the Hamas position as disingenuous. The official said Israel’s invasion plan was adapted to support a pause if a deal came together.

Biden then engaged over the next three weeks in detailed talks as proposals about a potential hostage release were traded back and forth. Demands were made that Hamas produce the lists of hostages it was holding, their identifying information, and guarantees of release.

The process was long and cumbersome – communication was difficult and messages had to be passed from Doha or Cairo into Gaza and back, the officials said.

Biden held a previously undisclosed phone call with the Qatari prime minister when the phasing of releases began to take shape, the official said.

Under the agreement that was taking shape, women and children hostages would be freed in a first phase, together with a commensurate release of Palestinian prisoners from the Israelis.

The Israelis insisted Hamas ensure all women and children come out in this phase. The U.S. side agreed, and demanded through Qatar proof of life or identifying information for women and children held by Hamas.

Hamas said it could guarantee 50 in the first phase, but refused to produce a list of identifying criteria. On November 9, Burns met in Doha with the Qatari leader and the Mossad’s Barnea to go through the texts of the emerging arrangement.

The key obstacle at that point was that Hamas had not clearly identified who it was holding.

Three days later, Biden called the emir of Qatar, Sheikh Tamim bin Hamad Al Thani, and demanded to know the names or clear identifying information for the 50 hostages including ages, gender and nationalities. Without the information, the official said, there was no basis to move forward.

Shortly after Biden’s call, Hamas produced details for the 50 hostages it said would be released in the first phase of any deal.

Biden in a Nov. 14 call urged Netanyahu to take the deal – Netanyahu agreed.

McGurk saw Netanyahu that same day in Israel. Walking out of a meeting, Netanyahu grabbed McGurk’s arm and said “we need this deal” and urged Biden call the emir of Qatar on the final terms, one of the officials said.

Talks stalled as communications went dark in Gaza.

When they resumed, Biden was in San Francisco attending an Asia-Pacific summit. He called the emir of Qatar and told him this was the last chance, and the emir pledged to apply pressure to close the deal, the officials said.

“The president insisted the deal had to close, now. Time was up,” one official said.

On Nov. 18, McGurk met in Doha with the Qatari prime minister. Burns was dialed in after he spoke with Mossad. The meeting identified the last remaining gaps toward a deal.

The agreement was now structured for women and children to be freed in the first phase, but with an expectation for future releases and the aim to bring all hostages home to their families.

In Cairo the next morning, McGurk met with Egypt intelligence chief Abbas Kamil. Word came from Hamas leaders in Gaza that they had accepted nearly all the agreements worked out the day before in Doha.

Only one issue remained, tied to the number of hostages to be released in the first phase and the ultimate structure of the deal to incentivize releases beyond the 50 known women and children, the officials said.

A flurry of additional contacts ensued, and the deal finally came together.

Iraq’s Kataib Hezbollah militia says 5 killed by US strikes

Baghdad (Reuters) – Iraq’s Kataib Hezbollah militia said five of its members were killed in its stronghold of Jurf al-Sakhar, south of Baghdad, in U.S. strikes that Washington said were in response to attacks by Iran-aligned militias against its forces in the region.

The U.S. carried out two series of strikes in Iraq on Tuesday and Wednesday, its first publicly reported responses on Iraqi territory to dozens of recent attacks and a sign of escalation in the regional conflict tied to the Israel-Hamas war.

The attacks began on Oct. 17 and have been linked by Iraqi militia groups to U.S. support for Israel in its bombardment of Gaza following attacks by Palestinian militant group Hamas on Israel.

The strike by fighter aircraft targeted and destroyed a Kataib Hezbollah operations centre and a command and control node near Al Anbar and Jurf Al-Sakhar, a U.S. defence official said.

An Iraqi military official said at least three members of Kataib Hezbollah had been killed and seven wounded in the overnight U.S. strikes.

Kataib Hezbollah is part of Iraq’s Popular Mobilisation Forces, a group of many mainly Shi’ite Muslim armed groups that was formed in 2014 to fight Islamic State and subsequently recognised as an official security agency by Iraq’s government.

Until this week, the United States had been reluctant to retaliate in Iraq because of the delicate political situation in Baghdad, where they have sought closer cooperation, including on financial issues, while seeking to limit Iran’s influence.

Iraqi Prime Minister Mohammed Shia Al-Sudani has limited control over some Iran-backed factions, whose support he needed to win power a year ago and who now form a powerful bloc in his governing coalition. Many of the factions also do not see eye-to-eye on how far to go with their attacks.

Oil prices steady in pre-Thanksgiving trade ahead of OPEC+ cuts

(Reuters) – Oil prices stayed within a narrow range on Wednesday in quiet pre-U.S. Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and looked for confirmation of a sharp build-up in U.S. crude stocks.

Brent crude futures rose 14 cents, or 0.17%, to $82.59 a barrel by 0800 GMT. U.S. West Texas Intermediate crude futures rose 13 cents, or 0.17%, to $77.90.

Both benchmarks have fallen for four straight weeks, and prices weakened further last week on growing concerns about the demand outlook. Investors remained cautious ahead of Sunday’s scheduled OPEC+ meeting, when the producer group may discuss deepening supply cuts due to slowing global economic growth.

On Monday, both contracts climbed about 2% after three OPEC+ sources told Reuters the group, the Organization of the Petroleum Exporting Countries (OPEC) and allied producers, was set to consider additional oil supply cuts when it meets on Nov. 26.

“The upcoming meeting has been the key central focus for oil prices for now, with sentiments shrugging off the sharp build in U.S. crude inventories,” said Jun Rong Yeap, a market strategist at IG.

OPEC+ is likely to extend or even deepen oil supply cuts into next year, analysts have predicted. “While market consensus suggests Saudi Arabia and Russia will be extending voluntary cuts into 2024, any further cuts by other members will hold the key to future prices,” ANZ analysts wrote in a note.

Even if the OPEC+ nations extend their cuts into next year, the global oil market will see a slight supply surplus in 2024, the head of the International Energy Agency’s (IEA) oil markets and industry division said on Tuesday.

U.S. crude stocks rose by nearly 9.1 million barrels in the week ended Nov. 17, according to market sources citing American Petroleum Institute figures on Tuesday.

Gasoline inventories dropped by about 1.79 million barrels, while distillate inventories fell by about 3.5 million barrels.

U.S. government data on stockpiles is due on Wednesday.

Thursday is a public holiday in the United States.

U.S. forces carry out series of strikes against Iran-backed militia in Iraq

Washington/Baghdad (Reuters) – The United States carried out two series of strikes in Iraq against Iranian-backed militants, U.S. officials said on Tuesday, in the first publicly reported U.S. responses in Iraq to dozens of recent attacks against troops in the region.

Until this week, the United States had been reluctant to retaliate in Iraq because of the delicate political situation there.

Iraqi Prime Minister Mohammed Shia Al-Sudani has limited control over the Iranian-backed militias, whose support he needed to win power a year ago and who now form a powerful bloc in his governing coalition.

The strike on Tuesday evening targeted two facilities in Iraq, the U.S. military said in a statement.

“The strikes were in direct response to the attacks against U.S. and Coalition forces by Iran and Iran-backed groups,” the statement said.

The strike by fighter aircraft targeted and destroyed a Kataeb Hezbollah operations center and a Kataeb Hezbollah Command and Control node near Al Anbar and Jurf al Saqr, south of Baghdad, a U.S. defense official said, speaking on condition of anonymity.

Iraq’s Kataeb Hezbollah militia is a powerful armed faction with close ties to Iran.

The official said there were Kataeb Hezbollah personnel present, but an assessment was ongoing about casualties.

About 24 hours earlier, U.S. forces were attacked at an air base west of Baghdad and a U.S. military AC-130 aircraft responded in self-defense, killing a number of Iranian-backed militants, U.S. officials said.

Ain al-Asad air base was attacked by a close-range ballistic missile that resulted in eight injuries and minor damage to infrastructure, two U.S. officials said.

The United States had so far limited its response to the 66 attacks against its forces in Iraq and neighboring Syria, claimed by Iran-aligned Iraqi militia groups, to three separate sets of strikes in Syria.

At least 62 U.S. personnel have suffered minor injuries or traumatic brain injuries in the attacks.

The attacks began on Oct. 17 and have been linked by Iraqi militia groups to U.S. support for Israel in its bombardment of Gaza following attacks by Palestinian militant group Hamas on Israel.

The attacks against U.S. targets have ended a year-long unilateral truce that Iraqi factions, some formed in the aftermath of the 2003 U.S. invasion to fight U.S. troops and others in 2014 to fight Islamic State, declared with Washington.

Social media accounts linked to Iran-aligned Iraqi militias published a statement in the name of the “Islamic Resistance in Iraq” mourning a member who they said had been killed in battle against U.S. forces on Tuesday, without elaborating.

His killing is the first reported casualty in Iraq linked to the Gaza war, which has drawn in other factions in Iran’s network of regional militias, known as the Axis of Resistance, such as Lebanon’s Hezbollah.

The United States has 900 troops in Syria and 2,500 in Iraq on a mission it says aims to advise and assist local forces trying to prevent a resurgence of Islamic State, which in 2014 seized large swaths of both countries before being defeated.

Indian rescuers drill halfway towards workers trapped in tunnel

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Silkyara (Reuters) – Rescuers have drilled about halfway through fallen debris to reach 41 workers trapped for ten days inside a collapsed tunnel in the Indian Himalayas, an official said on Wednesday.

The men have been stuck in the 4.5-km (3-mile) tunnel in Uttarakhand state since it caved in early on Nov. 12 and are safe, authorities have said, with access to light, oxygen, food, water and medicines.

Rescue workers have drilled through 32 metres (105 feet) of an estimated 60 metres (197 ft) that must be cleared in order to push through a pipe wide enough for the men to crawl out, said Deepak Patil, a retired army officer heading the rescue effort.

First images emerged on Tuesday from within the tunnel, showing workers in white and yellow hardhats standing in the confined space and communicating with rescuers, after a medical endoscopy camera was pushed through a smaller pipeline.

Authorities have not said what caused the tunnel collapse, but the region is prone to landslides, earthquakes and floods. Efforts to bring the men out have been slowed by snags in drilling in the mountainous terrain.

Pharma, energy stocks power Indian shares as global rally fades

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Bengaluru (Reuters) – Indian blue-chip indexes recovered from a flat open on Wednesday aided by pharma and energy stocks, while the global stock rally showed signs of fizzling out.

The NSE Nifty 50 index (.NSEI) rose 0.17% to 19,817.70 points and the S&P BSE Sensex (.BSESN) was up 0.15% at 66,032.53, respectively, as of 10:11 a.m IST.

“We expect the blue-chip to consolidate in the next few sessions, after the recent rally,” said Raghvendra Nath, managing director at Ladderup Wealth Management.

Domestic markets will mostly likely trade in a narrow range ahead of crucial state assembly election results on December, Nath added.

The Nifty has risen 1.75% since Nov. 14 when soft U.S. inflation data elevated bets that the Federal Reserve will not hike rates further. IT (.NIFTYIT), which earns significant share of the revenue from the U.S, gained about 6% over the last six sessions.

Pharma stocks (.NIPHARM) also gained 4% since Nov. 14 and are on course to rise for the sixth session in a row, adding 1% on the day.

Macquarie said on Tuesday that Indian pharma companies are in a “sweet spot” due to a turnaround in the U.S. generics market.

Bharat Petroleum Corporation (BPCL.NS) added 3% and topped the Nifty gainers. The oil marketing company said post market hours on Tuesday that it will consider declaring interim dividend on Nov 29. BPCL also led the gains in energy index (.NIFTYENR), which is up 0.7%.

Financials (.NIFTYFIN), banks (.NSEBANK) ad private banks (.NIFPVTBNK) lost between 0.1% and 0.3%.

Wall street equities closed lower overnight, snapping a winning streak. Asian markets also edged lower, as the recent rally showed signs of easing.

Among individual stocks, IDBI Bank (IDBI.NS) lost 3.5% after government cancelled bids process to hire valuer for IDBI Bank share sale.