Shailesh, here is a quickly processed image, using basic functions.
Stars in your image looks OK to me, and there is no strange halos. So you probably did something wrong in processing steps.
I noticed you have problem with dust on CCD and filters, and you have a big gradient. In the file name you have stated that you where using flat calibration, but it doesn`t look so. Did you use flat calibration, if so did you use flat frames for each filter? Did you use dark calibration?