Indian shares fall more than 3 pct early

NEW DELHI, July 8 (Reuters) - Indian shares fell more than 3 percent early on Tuesday, led down by index heavyweights Reliance Industries (RELI.BO: Quote, Profile, Research) and ICICI Bank (ICBK.BO: Quote, Profile, Research), as credit fears hit global equity markets.

At 9:57 a.m. (0427 GMT), the 30-share BSE index was down 3.05 percent, or 412.60 points, at 13,113.39, with all its components losing ground.

The 50-share NSE index was down 2.89 percent at 3,913.40. (Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)