सर्वलोकभयावहे terror for all worlds, तस्मिन् his, पतिते fall, आपः water, नभश्चैव from the sky, शुद्धाः pure, देवदानवाःDevas and Danavas, जह्रषुः rejoiced, आजग्मुः came there

As the terror of all worlds had fallen and the water from the sky became pure, Devas and Danavas rejoiced and came there.