It is also believed that on this very Diwali day, the Goddess of wealth, Lakshmi rose up from the ocean. The Hindu scriptures tell us that long long ago both Devas (gods) and Asuras (demons) were mortal. They had to die sometime or other, like us. But they wanted to live forever. So they churned the ocean to seek Amrita, the nectar of immortality (an event mentioned in the Hindu scriptures as "Samudra-manthan"), during which many divine objects came up. Prime among these was Goddess Lakshmi, the daughter of the king of the milky ocean, who arose on the new moon day (amaavasyaa) of the Kartik month. That very night, Lord Vishnu married her. Brilliant lamps were illuminated and placed in rows to mark this holy occassion. This event is supposed to have given rise to an annual celebration at the same time each year. Even today, Hindus celebrate the birth of the goddess Lakshmi and her marriage to Lord Vishnu on Diwali and seek her blessings for the coming year.

The origin of Diwali also refers to the stories narrated in the Hindu Puranas, the primary source of Hindu religious texts. According to the Bhagavata Purana (the most sacred Hindu text), it was on a Kartik day that Lord Vishnu, took on the form of a dwarf (Vaman-avtaara) and defeated King Bali. Bali, or rather King Mahabali, was a powerful demon king who...