India, March 20 -- The Australian stock market is reversing its early losses in mid-market moves on Friday, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 7,900 level, with gains in energy and financial stocks as well as mixed performance at most other sectors.
The benchmark S&P/ASX 200 Index is gaining 30.30 points or 0.38 percent to 7,949.20, after hitting a low of 7,905.10 and a high of 7,950.40 earlier. The broader All Ordinaries Index is up 28.00 points or 0.34 percent to 8,176.90. Australian stocks closed significantly higher on Thursday.
Among major miners, BHP Group and Rio Tinto are gaining more than 1 percent each, whil...