India, May 14 -- Stocks may move to the upside in early trading on Thursday, with the tech-heavy Nasdaq poised to add to the strong gain posted in the previous session. The major index futures are currently pointing to a higher open for the markets, as the S&P 500 futures are up by 0.3 percent.

Tech stocks may extend yesterday's rally amid a positive reaction to earnings news from San Jose-based technology giant Cisco Systems (CSCO).

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