Sensex drops over 170pts, ICICI Bank down 3%

The Sensex has dropped over 170 points to 19,696.

ICICI Bank is still down 3% at Rs 1, 327. HDFC Bank is down 2% at Rs 1,643.

Reliance has slipped marginally (Rs 16) to Rs 3,082. SBI has declined 1% to Rs 2,400.

TCS is steady at Rs 925 - down 2%.

HUL, ITC, L&T, ACC and Grasim are trading with gains.