Vikram Samvat is an ancient
. Its era was started in 56 BC by king Vikramaditya of
, for his victory over the Saka. On the first day of Kartik following Deepavali Amaavasya, the Vikram Samvat new year begins. This day follows the worship of Lakshmi
, who is the goddess of wealth. For observing religious ceremonies and fixing muhurats, Hindus widely follow this calendar.
Vikram Samvat is 56 years ahead of the Christian Calendar and runs on the Gregorian Solar System. It shows the same time with the Jain year. Today, stock markets in India mark the new year on the Vikram Samvat during Diwali.