The benchmark index for Indian stocks joined the rally in other Asian bourses and gained a percent two hours into trade Wednesday.

At 11.07 a. m., Sensex, which belled the day at 17,389.47, surged 175.75 points to trade at 17,558.93 as against its last closure.

In contrast, Nifty stood at 5,253.15, up 55.05 points, as against its previous close at 5,198.1.

The BSE midcap index surged 0.82% and the BSE smallcap index gained 0.8%.

All the 13 sectoral indices on the BSE were trading in the positive terrain, with those for metals, capital goods, and PSU scrips profiting the most.

The overall breadth of the stock market was optimistic as it saw 1,654 progressions as compared to 865 declinations.

Other Asian stock markets were also ruling in green.

The benchmark Japanese index, Nikkei, surged 1.15% at 10,845.38, whereas Hong Kong's Hang Seng increased by 1.57% at 21,353.62.

The South Korean Kospi was also trading in the positive zone, gaining 1.83% to 1,678.09, whereas the Chinese Shanghai composite index zoomed 1.33% at 3,032.5. (With Input from Agencies)