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The Australian stock market is sharply higher in post-holiday trading on Tuesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P\/ASX 200 is moving above the 8,750 level, with gains across most sectors led by mining, financial and technology<\/span> stocks.<\/p>\n The benchmark S&P\/ASX 200 Index is gaining 173.10 points or 2.02 percent to 8,752.60, after touching a high of 8,759.30 earlier. The broader All Ordinaries Index is up 179.30 points or 2.04 percent to 8,954.20. Australian stocks ended significantly lower on Thursday prior to the holidays on Friday and Monday. <\/p>\n Among the major miners, BHP Group is gaining more than 3 percent, Mineral Resources is advancing more than 4 percent, Fortescue is up almost 2 percent and Rio Tinto is adding more than 2 percent.<\/p>\n Oil stocks are mixed. Woodside Energy is adding almost 1 percent and Origin Energy is gaining almost 2 percent, while Santos is edging down 0.1 percent and Beach energy is losing almost 1 percent.<\/p>\n Among tech stocks, Afterpay owner Block is gaining more than 4 percent, Xero is adding almost 4 percent and Zip is surging more than 8 percent, while WiseTech Global and Appen are advancing almost 5 percent each.<\/p>\n Gold miners are mostly higher. Evolution Mining is gaining more than 1 percent, Resolute Mining is up more than 2 percent and Northern Star resources is advancing more than 3 percent, while Genesis Minerals and Newmont are adding almost 3 percent each.<\/p>\n Among the big four banks, Commonwealth Bank, National Australia Bank and Westpac are gaining more than 2 percent each, while ANZ Banking is advancing almost 3 percent.<\/p>\n In the currency market, the Aussie dollar is trading at $0.692 on Tuesday.<\/p>\n On Wall Street, stocks fluctuated over the course of the trading session on Monday but largely maintained a positive bias before ending the day mostly higher. With the upward move, the major averages added to the strong gains posted last week.<\/p>\n The major averages finished the day not far off their highs of the session. The Nasdaq advanced 117.16 points or 0.5 percent to 21,996.34, the S&P 500 climbed 29.14 points or 0.4 percent to 6,611.83 and the Dow rose 165.21 points or 0.4 percent to 46,669.88.<\/p>\n Meanwhile, the major European markets<\/span> were closed on Monday in celebration of Easter Monday.<\/p>\n Crude oil prices surged on Monday as concerns of a deeper escalation in the Middle East rise, with Iran still reluctant to open the Strait of Hormuz despite being served another ultimatum by the U.S. that expires tomorrow. WTI Crude Oil for May delivery was up by $1.39 or 1.25 percent at $112.93 per barrel. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n