Aussie shares bounce, but RBA rate rise caps upside

Australian shares dipped after the rate decision but still finished strongly in positive territory. (Bianca De Marchi/AAP PHOTOS)

Resurgent performances from miners and banks have lifted the Australian bourse higher, but a monetary policy pivot could pave a bumpy road ahead for investors.

The S&P/ASX200 rose 78.5 points on Tuesday, up 0.89 per cent, to 8,857.1, as the broader All Ordinaries advanced 80.5 points, or 0.89 per cent, to 9,149.3.