The Aussie market recovered strongly from its recent slide, buoyed by bargain hunters and a better-than-expected GDP result.

Financials led the session's advance, with ANZ the best performer (+4%) among the big four.

Macquarie had a positive day despite announcing another profit downgrade. The investment bank closed up 1.6%.

BHP and Rio Tinto drove the materials sector higher; both put on more than 3%.

Stronger oil prices lifted the energy majors; Santos climbed 3.8% and Woodside advanced 0.5%.

The ASX 200 soared 108 points (+2.7%), settling at 4183.

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Evening Market Analysis: September 7 is a post from: Australian Stock Report Market Pulse Blog