Australian stocks are on a tear

Rene Farrell of Australia celebrates after dismissing Heather Knight of England during the Women’s World Twenty20 in Delhi. Gareth Copley/Getty Images

Australian stocks are rallying on the last trading day of the month.

At the close, the ASX 200 was at 5,082.80, up 72.53 points or 1.45%, with all ten sectors in the green.

The major banks put on weight. The ANZ, marked down recently because it warned of more bad debts from resource-related loans, was up 1.5% to $23.46.

The NAB added 2.3% to $26.24, the Commonwealth 2.2% to $74.92 and Westpac 1.5% to $30.35.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.