REFILE-FTSE up 0.7 pct in early trade; oils, miners, banks ral

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* FTSE up 0.7 percent

* Oils, miners rally with commodity prices

* Banks recover on capital raising approvals

* Defensive issues out of favour

By Jon Hopkins

LONDON, Nov 21 (Reuters) - Britain's FTSE 100 share index .FTSE was 0.7 percent higher in early trade on Friday, helped by heavyweight oils, miners and banks after Thursday's hefty losses, and with U.S. stock index futures pointing to a higher opening on Wall Street after a plunge overnight.

By 0901 GMT the FTSE 100 index was 27.91 points firmer at 3,902.90 having ended 130.69 points, or 3.3 percent lower on Thursday. The index has lost around 40 percent so far this year.  Continued...