MUMBAI, April 22 (Reuters) - Indian shares rose over 1 percent early on Wednesday, as most Asian markets edged up on improved investor confidence from comments by the top U.S. Treasury official that most banks have adequate capital.

Top energy firm Reliance Industries and leading banks ICICI Bank and State Bank of India led the gains. Outsourcing firm Wipro jumped after its quarterly results beat estimates.

At 11:03 a.m. (0533 GMT), the 30-share BSE index was up 1 percent at 11,006.27 points, with 25 stocks advancing. The benchmark had fallen in the previous two session as investors booked profits after it gained a third over the previous six weeks.

Analysts believe the market is due for some correction as the rally was sentiment driven not due to any significant change in fundamentals. A slowing economy and uncertainty over the outcome of a month-long general election that began last week are worries.

"The momentum we had seen earlier has clearly paused. To expect more gains from now would be a bit too much," Harendra Kumar, head of research at Centrum Capital, said.

"Macroeconomic worries, both on the international and domestic front still remain a concerns. There are still no very sure signs of recovery," he said.

Most Asian markets edged up on Wednesday after U.S. Treasury Secretary Timothy Geithner said most U.S. banks have enough in reserve to keep lending, but caution was widespread.

Japan's Nikkei was up 0.6 percent, while MSCI's measure of other Asian markets rose 0.5 percent.

India's central bank cut its key lending rate for the sixth time since October on Tuesday, and called on commercial banks to follow suit to bolster faltering growth, but traders said they thought it was unlikely to boost credit growth sharply.

Still, ICICI Bank rose 2.6 percent to 409.30 rupees ($12.23), while State Bank of India gained 1.3 percent to 1,271 rupees.

Reliance Industries, India's largest listed firm with the biggest weight in the main index, rose 1.3 percent to 1,728.70 rupees.

Wipro was up 5.4 percent at 289.15 rupees after it beat forecasts with a 4 percent rise in Jan-March net profit, although it expected revenue to decline in the June quarter from March.

In the broader section, advancers led losers in the ratio of almost 3:1 on relatively moderate volume of 148 million shares.

The 50-share NSE index was up 0.8 percent at 3,391.10.