India, June 15 -- Stocks are likely to move to the upside in early trading on Monday, extending the strong upward move seen over the two previous sessions. The major index futures are currently pointing to a sharply higher open for the markets, with the S&P 500 futures up by 1.2 percent.
The upward momentum on Wall Street comes following news the U.S. and Iran have reached an agreement to end more than three months of war.
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