India's NSE stock futures listed on the Singapore Exchange were up 0.37% at 18,679.50, as of 7:57 a.m. IST.

Wall Street equities closed at new highs for 2023 on Friday, on rising odds of a rate hike pause by the U.S. central bank in its upcoming meeting on June 14. [FEDWATCH]

Asian markets were mixed, ahead of rate decisions from the Bank of Japan and European Central Bank, due this week. [MKTS/GLOB]

Investors also await domestic retail inflation data, due post-market hours on Monday.

India's inflation likely cooled to a 20-month low of 4.42% in May as food price rises slowed further, drawing closer to the Reserve Bank of India's medium-term target of 4%, a Reuters poll of economists found.

India's central bank kept the repo rate at 6.50% for a second straight meeting last week but indicated that monetary conditions will remain tight to bring inflation down to the 4% target.

Indian shares witnessed profit booking post the RBI policy but closed with weekly gains on Friday. Both benchmarks were below 2% of all-time-high levels.

Foreign institutional investors sold 3.09 billion rupees ($37.44 million) worth of Indian equities on a net basis on Friday, while domestic investors bought 12.46 billion rupees of shares ($151 million), as per provisional NSE data.

STOCKS TO WATCH

** Kotak Mahindra Bank: Canada Pension Plan Investment Board sold 33 million shares (1.66% stake) in the lender at an average price of 1,855.65 rupees per share.

** Cochin Shipyard: Co declared lowest bidder by the Indian Navy for upgrade of a naval ship; estimated contract value is around 3 billion rupees.

** Interglobe Aviation: Co expands codeshare partnership with Turkish Airlines, launches new codeshare flights to four cities in the United States via Istanbul from June 15.

** CMS Info Systems: Promoter Sion Investment Holdings sold 21.2 million shares (13.75% stake). SBI Mutual Fund, IIF Mutual Fund-IIFL Focused Equity Fund, Norges Bank on Account of the Government Pension Fund Global, Valuequest Investment, Abu Dhabi Investment Authority - Stable and 360 ONE Mutual Fund bought shares via open market transactions.

($1 = 82.4901 Indian Rupees)

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sohini Goswami)