Sharma set up Renshaw brilliantly to dismiss the left-handed Aussie opener in the second innings after a heated verbal exchange between the two opponents.
Noticing some activity near the sight-screen, Renshaw had pulled out from the batting crease and a livid Sharma ended up throwing the ball in his follow through.
The ball landed away from Renshaw but the incident led to some exchanges between Sharma and him. Also jumping in was Steve Smith and the umpire sought immediate intervention of Indian skipper Virat Kohli to defuse the situation.
He followed it up with a bouncer that swung past Renshaw from a middle stump line and the opener looked under pressure.
Finally the big breakthrough moment came in for India when Sharma cramped Renshaw for room with a full length delivery that trapped the left-hander right in front of the stumps.
Sharma enjoyed an animated celebration and capped off the brilliant over with another nasty blow to Shaun Marsh.