Lord Vishnu is happy to note that Devraj Indra has succeeded in convincing Danay Guru Shukracharya that churning of primeval waters to obtain nectar would be beneficial for all concerned. He further remarks that wars can also be won with convincing words. Devtas and Danavs agree to share the treasures that would be obtained form the waters equally. Lord Vishnu asks Narad to make sure that Danavs holds the head of Vasuki Nag to be used as a rope. Shukracharya asks Swarbhuanu to make sure that the division of the treasures from the primeval waters is fair.
Turning into Kurma the divine turtle, Vishnu supports the cosmic churn on his back. Devtas pay homage to him and the churning of the waters begins. Gods hold Sesha Naag\'s tail and the Danavs grab his neck while the churning starts. The ocean froths and fumes and kalkuta poison rises form it. On Vishnu\'s request Shiv collects the lethal fluid and drinks it. Soon goddess Laxmi emerges from the waters. The Danavs and Devtas wish to possess her and are ready to go to war for her. She pleads with Vishnu who directs her to Brahma. He intervenes and gives Laxmi the right to choose her husband.
Laxmi is sad because Vishnu has not been invited to her \"Swayamvar\" arranged by Brahama. She says so to Narad who promises to request Vishnu to attend. All the invitees gather at the venue where Laxmi\'s swayamvar is to take place. Brahma makes the announcement that henceforth it would be the right of every woman to choose her husband. She would put a garland around his neck to reveal her choice. Laxmi becomes restless because Vishnu is nowhere to be seen in the gathering. When he finally arrives she happily puts the garland around his neck and hail the cosmic couple. Churning of the waters starts again and Dhanvantri emerges with a pot of gold containing nectar.
Shukracharya scolds Danavs for being cheated by the Devtas. Brahamputra Sankadik Rishis come to meet Vishnu. They introduce themselves to Vishnu\'s guards. They obstruct their entry and so they curse them to become demons. they will be born as demons in their next three lives and must die at the hands of Vishnu each time for the curse to end. They are reborn as Harnakshya and Harnakashipu and Harnakshya kidnaps Dharti. Vishnu appears as Varha and rescues her then kills Harnakshya. Hiranakashipu decides to take revenge and orders that no one in his realm can worship Vishnu.
Indra, Varun and Agni try to disrupt Hiranyakashipu\'s penance and prayers to please Brahama but Guru Shukracharya protects him; thus defeated Indra decides to kill Hiranyakashipu\'s son who is still in his mother\'s womb. Lord Vishnu promises Laxmi that he would make sure that Asur violence comes to an end. Agni\'s attempt to harm. Kayadu fails so Indra kidnaps Kayadu after killing Vidaal. Narad stops Indra and rescues Kayadu. He takes her to his Ashram and makes sure she worships Vishnu so her child will be born a devotee.