** Indian IT stocks slip 4% for the week; set for worst week since May

** Index top sectoral loser on benchmark Nifty 50 , which is down 0.4%

** All 10 NIFTYIT constituents in red - heavyweights Infosys

, TCS and Wipro drop ~3% each, HCLTech sheds ~4%

** Six of 10 stocks rated "buy", rest "hold" - LSEG

** Index's drop tracks decline in Asian IT stocks after Meta

flagged rising AI costs

** Investors are using the global drop in tech stocks as a cue to book profits in domestic IT companies today, says Raghvendra Nath of LadderUp Wealth Management

** NIFTYIT was an outlier on Nifty 50 this month until Thursday, falling 0.7% in October vs Nifty's 5.7% decline

** YTD, NIFTYIT up ~14% vs Nifty 50's ~12% climb

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))