Atul Karmarkar.Com

Just when analysts were talking about a correction on the cards, the indexes shot up to all-time high’s today, with the Sensex closing at 13617 and the Nifty at 3918 levels, up 1.4% and 1.6% respectively.

While there are still stocks that are under-valued, the dizzying climb of the markets is a cause to exercise caution. A number of stocks are quite overheated and trading at fantastic valuations. As always, it is the small investor who is going to get burnt in this euphoria.

There was plenty of action all the way; Bharti Airtel and Reliance Communications scaled all time highs, Infosys was volatile due it’s ADR offering, Info Edge, better known as naukri.com, listed on the bourses with a bang, opening almost 40% higher than the offer price of 320, before closing at 607, almost doubling the offer price.