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Midcap Surge Pauses as Profit Taking Hits Paytm, SBI Card
The Nifty Midcap index hit a record high before profit booking caused a pullback in Paytm, SBI Card, and BDL stocks, reflecting cautious investor sentiment.
On November 18, 2025, the Nifty Midcap index reached a record high before profit booking caused a minor pullback. Paytm, SBI Card, and BDL shares saw declines of up to 3% after hitting fresh highs. The profit-taking in these stocks came after a strong rally, with many investors looking to lock in profits. The midcap index had been performing exceptionally well, and analysts are now watching closely to see if the pullback is a temporary correction or the beginning of a more significant market adjustment.