The Aussie market rebounded strongly today amid easing concerns Greece will default on its debt and be forced to leave the eurozone.

In a volatile session, stocks surged on the open before fading sharply. However a late rally saw the market reclaim most of its lost gains.

Energy stocks were the strongest performers; Woodside rose 3% whilst Beach Energy soared 7.3%.

The mining giants erased yesterday's losses; BHP added 2% and Rio Tinto advanced 1.5%.

All four big banks ended the session higher; ANZ put on 2.1% and NAB 2.4%.

In the retail space, Myer tacked on 1.9% despite a warning that FY12 earnings will be down on FY11's $159.7 million result.

The ASX 200 jumped 66 points (+1.7%), closing at 4072.