A note of caution in a market still sizzling

The world-beating rally on Dalal Street of the past 18 months that propelled the Sensex above the 60,000-mark last week may have fewer legs left for now. While the Nifty too, riding the ongoing bullish wave, is expected to cross the milestone of 18,000 soon, top fund managers and strategists warn about looming risks such as earnings disappointments, rich valuations and the Evergrande crisis in an overbought market.

via Economictimes