India, March 4 -- The Australian market is trimming its early gains in mid-market moves on Thursday, reversing some of the sharp losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains in financial and technology stocks partially offset by weakness in gold miner and energy stocks.
The benchmark S&P/ASX 200 Index is gaining 16.00 points or 0.18 percent to 8,917.20, after touching a high of 8,964.10 earlier. The broader All Ordinaries Index is up 23.10 points or 0.25 percent to 9,140.20. Australian stocks ended sharply lower on Wednesday.
Among major miners, Rio Tinto is edging up 0.4 percent, Mineral Resources is gaining more than ...