Jefferies has forecasted that Sensex weekly options traded on the Bombay Stock Exchange (BSE) could grow to match the scale of Nifty options by the fiscal year 2029. This growth is expected to be driven by the expanding derivatives market in India. Despite this optimistic outlook, Jefferies warns that much of the positive expectations are already factored into current valuations. The brokerage highlights concerns including high valuations, potential regulatory challenges, and the BSE's heavy reliance on a single product line. Consequently, Jefferies maintains a cautious 'Hold' stance on BSE shares, advising investors to consider these risks carefully. Jefferies expects Sensex weekly options on BSE to match Nifty’s scale by FY29, driven by strong derivatives growth.