SYDNEY, AAP – Investors had their best day since March and regained most of Monday’s losses on the Australian market.

The benchmark S&P/ASX200 index closed up 1.48 per cent after the heavyweight categories of financials and materials rose by about two per cent.

Investors returned to the market after Monday’s loss of 1.81 per cent.

The ASX200 on Tuesday closed higher by 106.9 points, or 1.48 per cent, to 7342.2.

The All Ordinaries closed up by 107.5 points, or 1.44 per cent, to 7592.7.

The Australian dollar was buying 75.16 US cents at 1619 AEST, higher from 75.01 US cents at Monday’s close.