New Delhi, Aug. 27 -- The Indian stock market faced a sharp selloff on Tuesday, August 26, with the benchmark Sensex tumbling 849 points to close below the 81,000 level and Nifty 50 ending below 25,000.

The meltdown in the Indian stock market came after the US government issued a draft notice on the implementation of an additional 25% tariff on Indian products, which came into effect today.

Investors lost Rs.5.41 lakh crore of their wealth in Terrible Tuesday's selloff amid Trump tariff worries.

The 30-share BSE Sensex tumbled 849.37 points, or 1.04%, to close at 80,786.54. Meanwhile, the 50-share NSE Nifty dropped 255.70 points, or 1.02%, to finish at 24,712.05.

"Sentiment was largely dampened by caution ahead of the upcoming tariff ...