Australian share market ended higher after recovering initial losses on Thursday, 28 January 2016, with energy and mining stocks leading gains. Sydney share market dipped sharply shortly after the flat opening as the US central bank in its rate-setting meeting overnight while keeping rates on hold as expected signalled renewed concern about market turbulence and global growth. The bourse, however, recovered in the second half of the morning. At the close, the benchmark S&P/ASX 200 index rose 29.80 points, or 0.6%, to 4976.20 points, while the broader All Ordinaries index added 27.30 points, or 0.55%, to 5028.10 points.
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