Australian Market Sharply Extends Early Gains In Mid-market

India, Aug. 3 -- The Australian stock market is sharply extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 index is moving well above the 9,100 level, with gains in technology and financial stocks partially offset by weakness in energy stocks.

The benchmark S&P/ASX 200 Index is gaining 106.70 points or 1.18 percent to 9,126.40, after touching a high of 9,135.10 earlier. The broader All Ordinaries Index is up 112.20 points or 1.22 percent to 9,290.60. Australian stocks closed notably higher on Monday.

Among the major miners, Rio Tinto is edging up 0.5 percent, while Mineral Resources is gainin...