The Australian share market has lifted as the major banks made gains, but investors dumped retail stocks as a major deal by internet retailer Amazon.com in the US ignited fears over bricks-and-mortar retailers here.

At 1615 AEST, the benchmark S&P/ASX200 was up 31.2 points, or 0.54 per cent, at 5,805.2 points, while the broader All Ordinaries index was up 27.5 points, or 0.47 per cent, at 5,835.5 points.

The September SPI200 futures contract was up 36 points, or 0.63 per cent, at 5,750 points.

AAP

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