India, June 8 -- Following the sell-off seen during last Friday's session, stocks may move back to the upside in early trading on Monday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.8 percent.

Bargain hunting may contribute to initial strength on Wall Street following last Friday's plunge, which dragged the tech-heavy Nasdaq down to its lowest closing level in a month.

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