BSE Sensex falls 0.4 pct, banks drop

MUMBAI (Reuters) - The BSE Sensex fell 0.4 percent early on Friday, led by losses in banks, in line with the weakness in global equities.

At 9:55 a.m. (0425 GMT), the 30-share BSE index was down 0.44 percent at 16,711.49 points, with 25 components declining.

State Bank of India and ICICI Bank were down 1 percent each.

The 50-share NSE index was down 0.4 percent at 4,968.95.

(Reporting by Ami Shah)

(For more news on Reuters Money visit www.reutersmoney.in)