Australian Market Closed Near Day's High Today

• The Australian market is back on gaining spree today and it closed near day's high since July 2, adding $25 billion to the market. The benchmark index S&P/ASX 200 jumped 106.1 points, or 2.1 per cent, to 5202.2. The broader All Ordinaries rose 102.7, or 2 per cent, to 5202.

• Today's strong positive market reaction suggests that investors have finally accepted the world's biggest economy is in recovery mode.

• The local currency (AUD) is also showing weakness against its U.S. counter part. The market analysts are also advising to remain short on the Australian dollar. After the US Fed's decision to cut the stimulus the local currency has seen a decent bounce is trading just under  US 89 cents. It is currently buying 88.44 US cents.

• Here's a quick look at gainers and losers on ASX 200:

ASX Share Prices