The global brokerage firm believes that the flows could drive markets up in the near-term but has retained the year end Nifty target at 8,800.
A Reuters poll of 30 economists taken over the past week showed economic growth slowed to 6.4 percent annually in the October-December quarter.
Idea shares have surged nearly 47 per cent since the two sides confirmed merger talks on January 30.
Shares of Idea Cellular were down nearly 3 per cent amid a block deal. 12 crore shares of Idea Cellular changed hands on NSE and BSE.
The Dow Jones Industrial Average rose 15.68 points, or 0.08 percent, to close at 20,837.44, while the S&P 500 gained 2.39 points, or 0.10 percent, to 2,369.73. The Nasdaq Composite added 16.59 points, or 0.28 percent, to 5,861.90.
Radio City is the first private FM radio broadcaster in the country and has grown from four cities in 2001 to 37 cities as on February 2017. is the first private FM radio broadcaster in the country and has grown from four cities in 2001 to 37 cities as on February 2017.
Sinha said that the reason for no REIT or InvIT being launched was, however, beyond its jurisdiction and it was more to do with approval from other regulators for investees of these new instruments.
The stock ended the day at Rs 1,238.60, up 4.74 per cent on BSE, the highest closing in nearly 9-years.
These five companies are expected to come out with their IPOs (initial public offers) in March to garner Rs 3,860 crore, sources said.
Losses in Nifty wereled by Idea cellular, which closed over 4 per cent lower followed by Axis Bank, Bharti Infratel, Power Grid and Bharti Airtel, which fell between 3.7-2.8 per cent.
Analysts remain positive on Reliance Industries shares despite the recent upmove.
The group also received approval for antibiotic Linezolid tablets in the strength of 600 mg.
Banks have taken a hit following a six-session rally. The NSE Bank index fell nearly 1 percent with Axis Bank down 2.7 percent and Bank of India shedding 1.6 percent.
A surge in index heavyweight Reliance Industries offset losses from select telecom, banking, auto and FMCG stocks.
Energy stocks were the prominent gainers in Nifty led by Reliance Industries. The energy sub-index of NSE was up over 2 per cent.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat after declining 0.3 percent in early trades. Japan was down 1.2 percent, and Australia off 0.2 percent.
Global investors have been hoping to see details of Trump's spending plans as well as proposals for tax reform, with uncertainty over their timing and size weighing on the dollar in recent weeks.
In percentage terms, exposure to banking stocks was at 20.91 per cent of equity assets under management last month as against 20.84 per cent in December-end.
According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs 9,359 crore in equities during February 1-23 and another Rs 5,279 crore in the debt segment, translating into a total inflow of Rs 14,638 crore.