Optimism rules on Tuesday at the stock exchange mainly due to new capital rules set by the Basel Committee on Banking Supervision in Switzerland.

The September share price index contract at the Sydney Futures Exchange was 14 points higher at 4,646 points. A total of 10,136 contracts were traded.

The benchmark S&P/ASX200 index rose 54.6 points (1.2 percent) at 4,614.9 points. The broader All Ordinaries index went up 53.5 points (1.16 percent) to 4,654.2 points.

The banks will share the prime mover title with the miners today. The four pillars Australian and New Zealand Banking Group Limited (ASX: ANZ), the Commonwealth Bank of Australia (ASX: CBA), the National Australia Bank Limited (ASX: NAB), and Westpac Banking Corporation (ASX: WBC) have increased share values.

The ANZ is up 30 cents at $24.01 and so is the Commonwealth Bank with 84 cents at $53.51. The NAB also rose 55 cents at $25.22. Westpac also enjoyed an increase of 45 cents at $23.39.

All-time reliable miners also have increased share values. Rio Tinto Limited (ASX: RIO) went up $1.05 (1.41 percent) at $75.30. However, Metrocoal Limited (ASX: MTE) and Range River Gold Limited (ASX: RNG) only have slight increases.

The coal company's share went up 0.5 cents at 36.5 cents, and the gold company's shares went up 0.1 cents at two cents.