Stock market news, Aug. 27 -- Indian stocks continued their decline on Tuesday, impacted by heightened global trade worries ahead of new US tariffs on Indian products. The US President announced an additional 25% tariff, raising the total rate to 50%, effective from today, August 27.

Sensex tumbled 849.37 points, or 1.04%, to close at 80,786.54, while Nifty 50 dropped 255.70 points, or 1.02%, to finish at 24,712.05.

On a global scale, market sentiment has been further dampened after the US President moved to dismiss Fed Governor Lisa Cook over allegations of mortgage document falsification, while also threatening export restrictions on chips as retaliation against digital service taxes.

Indian markets will be closed today on account of...