Tracking Asian peers : BSE and Sensex Drop Down 1.7 pct

New Delhi, BSE SENSEX fell 1.7 percent early on Monday, tracking Asian peers, and increased concern about the debt crisis in the euro zone.

Reliance Industries led by big drop in energy, software services exporter Infosys and the lender ICICI Bank.At 9:17 (0347 GMT), fell 30-share BSE index 1.69 percent to 16,176.08 points, with all but two of the components falling.

The broader 50-share NSE index fell 1.8 percent at 4,853.95 points.