Indians love premature celebrations almost as much as they seem to like disappointment. Witness any cricket world cup in which India has been a contender: the victorious dances the moment a match begins, and then the familiar, subdued return to reality when it is lost.
Right now, as the Indian elections progress towards their finale, there's a mood of celebration among the supporters of the rightwing Hindu nationalist Bharatiya Janata party. The market decided some time ago that India will soon have a BJP government, and since then has stabilised – and is now on an upswing.
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