At the close of trade, the benchmark S&P/ASX 200 index was up 39.30 points or 0.59 percent at 6,687.40, while the broader All Ordinaries index gained 39.40 points or 0.59 percent at 6,767.90.
Despite a choppy start to morning trade and falls in the materials and energy sectors, the early losses were offset by strong improvements in info tech, utilities and financials stocks.
Across the board, Australia's big banks strengthened with the Commonwealth Bank up (0.72 percent), Westpac Bank up (0.25 percent), National Australia Bank up (0.49 percent) and ANZ up (0.73 percent).
Mining stocks tumbled with BHP down (0.32 percent), Rio Tinto down (4.10 percent), Fortescue Metals down (0.46 percent), however gold miner Newcrest surged on the back of higher gold prices (4.06 percent).
Although the country's oil and gas producers were weaker overall throughout the sector, three of the market's biggest players managed to buck the trend with Woodside Petroleum up (0.98 percent), Santos up (0.85 percent) and Oil Search up (0.42 percent).
Australia's largest supermarket chains rallied with Wesfarmers up (1.02 percent) and Woolworths up (1.13 percent). While telecommunications giant Telstra lifted (0.52 percent), the national carrier Qantas sank (1.63 percent) and biomedical firm CSL shot up (0.60 percent).
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