Australian Market Trimming Early Losses In Mid-market

India, March 23 -- The Australian stock market is trimming its early losses in mid-market trading on Monday, and reversing the gains in the previous two sessions, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 7,900.00 level, with a mixed performance across most sectors.

The benchmark S&P/ASX 200 Index is losing 6.00 points or 0.08 percent to 7,925.20, after hitting a low of 7,899.50 earlier. The broader All Ordinaries Index is down 10.30 points or 0.13 percent to 8,148.40. Australian stocks closed slightly higher on Friday.

Among the major miners, Rio Tinto is edging up 0.2 percent, Fortescue Metals is gaining more than 2 percent and Mineral Resources is adding more th...