Usually you heat the sharp end of the punch or chisel to cherry red, which is a dark red rather than a bright red (Cherries used to be darker than they are today) then quench the whole thing.
Then play your flame on the punch a half inch or more back from the sharp end until the light straw colour runs up the body of the punch and hits the sharp end then quickly quench again.
The hammer end of the punch is usually left as is, ie soft. You definitely do not want to harden it because as Brian H and SOD said above, tiny hardened shards could fly off when hit with the hammer.
Hardness variations along the body of the punch or chisel are not a worry. They are left as they are. Only the hardness on the cutting/punching edge area is important. The rest of the tool is only there to hold that working edge in place.
BTW do your heat treating in the near- dark, or as dark as possible, to get the best "read" on colours. Doing it under sunlight or bright electric light makes it harder to see the real colour of the steel. And give the punch a clean up with emery paper before hardening and again before tempering so it helps make the colour change more clear.
Edited By Hopper on 12/12/2019 00:30:23