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Below the Perspective on Markets 11th Nov 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital

India Market Valuation Discount to the US Widens

The Nifty 50 is now trading at a ~20% valuation discount to the S&P 500, one of the widest gaps seen in 17 years.

* Nifty 50 trailing P/E: ~23.4x

* S&P 500 trailing P/E: ~28.0x

Today's Key Global Market Moves.

Wall Street up between 0.8% and 2.3%. South Korea up more than 3%, Italy more than 2% to new 18-year high.

SHARES/SECTORS: U.S. tech +2.7%, consumer discretionaries +1.5%, consumer staples -0.3%. Palantir +8.8%, Nvidia +5.8%. Roundhill Mag 7 ETF has biggest gain since May.

COMMODITIES/METALS: Gold spikes 3%, oil up nearly 1%.

Nifty 25574.35

Prices are breaking out of the falling channel and going back above 20HMA also making higher highs on hourly charts.

We will keep 25555 on daily basis as strong support !!

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