Apparently, our Indian brothern are pumping money in mutual funds through SIPs to the extent of more than 5000 cr every month !! So with so much cash all that DII s have been doing is buy buy buy - 90k Cr until 21Dec. And the FIIs are saying bye bye bye - net cash markets outflow for 2017 is around 79k CR until 21Dec.
So even if NPAs have crossed 7 lakh cr, it just does seem to matter :-) The markets will stay propped up with our own money all the time, as the SIPs will continue to bring is fresh cash.
Good analysis. PSU bank NPAs have in increased to 7.33 lakh crores. US has reduced Corporate tax, reduced repatriation tax, etc as incentives for US companies. This will affect our export oriented companies and ITES .So I go with your view for a gap down on Tuesday. All the best