India, April 14 -- Stocks are likely to move to the upside in early trading on Monday, adding to the strong gains posted last Friday. The major index futures are currently pointing to a sharply higher open for the markets, with the S&P 500 futures up by 1.4 percent.

Technology stocks are likely to lead the way higher after U.S. Customs and Border Protection guidance issued late Friday revealed certain tech products will be excluded from President Donald Trump's "reciprocal tariffs."

The excluded products purportedly include smartphones and computers as well as other devices and components like semiconductors.

However, adding to the uncertainty surrounding tariffs, Trump claimed in a post on Truth Social that there was "no Tariff 'excepti...