India, June 30 -- After ending last Friday's volatile session mostly higher, stocks are likely to see further 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 0.3 percent.

The upward momentum on Wall Street comes amid ongoing optimism about trade deals ahead of the impending deadline for U.S. reciprocal tariffs early next month.

Positive sentiment has also been generated in reaction to news Canada has rescinded its digital services tax on American tech firms, which were initially set to begin being collected today.

The move comes after President Donald Trump said last Friday that ending trade talks with Canada due to the digital services tax...