FTSE up as China package plan boosts commodities

* FTSE 100 closes up 0.9 pct at 4,403.92 points

* Miners gain as China package plan boosts commodities

* Falling banks put reins on market's gains

By Rebekah Curtis

LONDON, Nov 10 (Reuters) - Britain's FTSE 100 .FTSE rose 0.9 percent in a global equities rally on Monday, powered by mining stocks after China's almost $600 billion stimulus package plan boosted hopes of solid demand for commodities.

The FTSE 100 .FTSE ended 38.96 points higher at 4,403.92 points, but way off its day's high of 4,524.87 points.

Metal prices surged after China approved 4 trillion yuan ($586 billion) in new government spending, and the G20 group of nations pledged to take all necessary steps to put financial markets back on their feet.

"The authorities are throwing everything they can at the situation," Graham Secker, UK equity strategist at Morgan Stanley in London, said of the global effort to prop up economies.