The BSE Sensex and Nifty fell on Tuesday after a sharp rally in the previous session as early vote-counting trends showed the Bharatiya Janata Party-led NDA alliance leading in over 272 seats, but the extent of the victory was unclear.

The Nifty 50 was down 2.2% to 22,779 as of 9:15 a.m. IST, and the Sensex fell 1.8% to 75,163.

Both Sensex and Nifty rallied more than 3% on Monday, hitting record highs and logging their best session in nearly 40 months after exit polls projected that the NDA would likely get a two-thirds majority in the Lok Sabha.

(With agency input)