The Indian equity benchmarks surged on first trading session of 2022 on Monday with Sensex rising over 500 points and Nifty reclaiming its important psychological level of 17,500 led by gains in auto and information technology shares. Meanwhile, other Asian markets were trading on a mixed note with Hong Kong's Hang Seng falling 0.65 per cent while South Korea's KOSPI and Taiwan Weighted rose 0.2 per cent each.