Besides Sharma, making it a good week for the Indians were Shiv Kapur, who shot 67 to join Anirban Lahiri (68) in seventh place and Gaganjeet Bhullar (72) was tied-14 despite his putter did not working well.
Also making the cut were Rashid Khan (72-68) in tied-29, Jyoti Randhawa (73-69) and Chiragh Kumar (70-72) in T-51st at the event, co-sanctioned by Asian and European Tours.
Mike Lorenzo Vera (65) and David Lipsky (67) were nine-under, while Sharma and KT Kim (68) were eight-under.
Seven out of 13 Indians made the cut.
Those missing out were Jeev Milkha Singh, Arjun Atwal, SSP Chawrasia, Mukesh Kumar, S Chikkarangappa and Rahil Gangjee.
India's big performer on the day was Sharma, who is having a fine run with T-11th in Singapore, T-9th in Myanmar and T-4th in Dhaka in last three weeks. He continued with his fine show with a second straight 68.
"I think it's all part of my experience as a player. I've played (before) in the leader groups in my career -- last week (Dhaka) and twice at the Panasonic Open India," added Sharma, who has four wins on his domestic PGTI Tour but none on Asian Tour.
"I got the start I wanted and made four birdies on the back nine (his opening nine) and kept it going on the front. Had a few chances for birdies but couldn't convert on second nine. I only missed three greens on the front nine and made good up and downs."
Pleased with his round, he said, "Anytime you finish well, you take a lot of positives into the weekend. I felt like I'm playing well but not really having the results in the past couple of weeks. It's nice to actually put myself in position for once. I holed a few more putts and am being a bit more patient."
Lahiri again had a lot of birdies -- his 13 in 36 holes is next only to 16 by leader Wiesberger, who had 11 in second round.
"I would have liked to be in a slightly better position given the number of birdies I've made but all in all I'm in a good position to make a run," Lahiri said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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