In response to this regulatory intervention, Paytm's Founder and CEO, Vijay Shekhar Sharma, took to Twitter to reassure users. He affirmed that the Paytm app would continue its operations beyond February 29, expressing gratitude to users for their unwavering support.

The benchmark indices continued trading in red for the fifth consecutive trading session. On Thursday, S&P BSE Sensex rattled about 1,300 points to hit a low of 52,787 on an intraday trade basis whereas Nifty 50 index slid down to 15,758 levels. Inflation data in the US, prediction of rate hikes, all-time low rupee, and aggressive selling portrayed by foreign portfolio investors have drowned the market sentiments.