At closing bell, the benchmark S&P/ASX200 added 9.27 points, or 0.13%, to 7,379.20. The broader All Ordinaries index rose 9.13 points, or 0.12%, to 7,713.17.
The top performing stocks in this index were EVOLUTION MINING and NUFARM, up 9.7% and 5.2% respectively. The bottom performing stocks in this index were WHITEHAVEN COAL and MESOBLAST, down 4.47% and 4.17% respectively.
Property stocks led the market recovery with real estate company Mirvac rising 1.8% and property trust GPT Group climbing 2.2%. Goodman Group advanced 2.5% after the property giant forecast a more than 15% growth in full-year operating earnings per security.
Shares of healthcare companies advanced, with Sonic Healthcare rising 3% after medical laboratory company provided healthy trading update at its annual general meeting.
Shares of consumer staples sectors rose, with crop protection provider Nufarm climbed 5.2% after revenue and profit surged for the year to September 30.
Shares of energy firms declined as crude prices dropped to a one-month low after reports that the United States was asking major oil consumers like China and Japan to consider a coordinated release of oil reserves.
Financials fell, with Commonwealth Bank of Australia down 1.6% after margin-hit warning, while the rest of the "Big Four" lenders slipped between 0.9% and 1.4%.
Shares of Gold miner Evolution Mining jumped as much as 9.7% after it signed a pact with Swiss giant Glencore to acquire the Ernest Henry copper-gold mine northeast of Cloncurry in Queensland for $1bn.
CURRENCY NEWS: The U.S. dollar pulled back slightly against a basket of its peers, trading down 0.15% at 95.682. The Australian dollar rose 0.21% to $0.7281.
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