NSE, NSDL shares slide up to 21% from peaks. What’s behind the selling pressure in unlisted market?

India's unlisted equity market faces a sharp correction. Shares of NSE, NSDL, and Tata Capital decline from recent peaks. HDB Financial's discounted IPO and regulatory actions against Jane Street impact market sentiment. Tata Capital's rights issue adds to valuation concerns. Analysts suggest a broader valuation reset is underway. Investors are advised to be cautious of valuations and growth potential.