On Monday, July 11, India’s key stock indices locked in solid gains. The bulls were back in the driver’s seat after the release of strong US jobs report on Friday. Notably, the US economy expanded more than expected in the past eight months and added 287,000 jobs over eight months, significantly outpacing the median forecast of 175,000.The BSE Sensex rebounded 20% from February low and entered the bull market territory. Recapping the benchmarks, the Nifty 50 rose 1.74% to 8,467.90, while the BSE Sensex increased 1.84% to 27,626.69. In the blue-chip segment, Tata Motors, Vedanta and ICICI Bank logged gains, surging more than 3%. OnlyAxisBankunderperformed. The USD/INR edged up 0.05% to 67.17, while India’s 10-year government yield ended flat at 7.385%. Risk-on sentiment pushed automakers higher, with Tata Motors, which owns the Jaguar Land Rover brand, soaring 4.2%.India’s major non-state bank ICICI Bank was back on track, up 3.4%. Other names in the banking sector also stood out among the best performers with Punjab National Bank and Allahabad Bank shooting up 8.3% and 6.5%, respectively.India’s major energy company NTPC advanced 2.5% to a three-month high. Dishman Pharmaceuticals and Chemicals added 3% on news that one of the plants has successfully passed the inspection of US regulators.Technically, on the daily chart Sensex has reached the resistance level at 27,625, so the uptrend may take a breather.