At the market close, the benchmark S&P/ASX 200 index was up 100.80 points or 1.87 percent at 5,488.10, while the broader All ordinaries index was up 103.10 points or 1.90 percent at 5,542.50.
After starting the day with a brief dip, the Aussie share market reversed, going on to build on gains throughout the day with all sectors improved.
Tech stocks were leading gains up over 5 percent while materials and the banks were also trending firmly higher.
"This is set to be a big week for markets. Highlights will include the March read of Australia's labour market on Thursday, quarterly updates, some of the largest banks in the U.S. posting their latest earnings and a barrage of economic updates out of China," Commsec Market analyst Steven Daghlian said.
"On the economic front this morning, a monthly read of Australian business confidence slumped to its lowest read on record, down from -2pts in February to -66pts in March."
In the financial space, Australia's big banks rallied with the Commonwealth Bank up (1.60 percent), ANZ up (1.45 percent) and Westpac Bank up (1.94 percent) and National Australia Bank up (2.86 percent).
Mining stocks lifted with Rio Tinto up (1.61 percent), BHP up (0.51 percent), Fortescue Metals up (2.03 percent) and goldminer Newcrest up (12.40 percent).
The country's oil and gas producers were mixed with Oil Search up (1.85 percent), Santos down (1.09 percent) and Woodside Petroleum up (0.73 percent).
Australia's largest supermarkets rallied with Coles up (2.38 percent), and Woolworths up (2.96 percent).
Meanwhile telecommunications giant Telstra jumped (0.64 percent), the national carrier Qantas took off (3.37 percent) and biomedical firm CSL dropped (0.92 percent).
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