Stock market today, April 8 -- Indian automobile stocks have emerged as some of the biggest casualties in the recent market meltdown, weighed down by a series of negative developments that have dampened investor sentiment. Once high-flying, these stocks are now trading at levels not seen in several months.

The Nifty Auto index, which tracks the performance of 15 leading auto stocks, has tumbled nearly 4% in the last trading session to hit a new 52-week low of 19,316. However, the index in today's session, April 08, took a little breather as it is up by nearly 1% at the day's high but still remains 28% below its September peak of 27,696 points.

Fourteen out of the 15 constituents in the index are now trading at significant discounts from...