(RTTNews) - The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying just below the 7,900 level, with gains across most sectors led by mining and energy stocks amid spiking commodity prices. The benchmark S&P/ASX 200 Index is gaining 38.40 points or 0.49 percent to 7,881.80, after touching a high of 7,919.70 earlier. The broader All Ordinaries Index is up 32.30 points or 0.40 percent to 8,185.50. Australian stocks closed sharply lower on Monday.
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