The festival of Bhai Duj, Bhau-beej, Bhai Tika or Bhai Phota is celebrated by Hindus on the last day of the five-day-long Diwali festival. This is the second day of the bright fortnight or Shukla Paksha of the Hindu month of Kartika. On this day, sisters pray for their brothers to have long and happy lives by performing the Tika ceremony, and brothers give gifts to their sisters.

Source: Wikipedia

After the high voltage celebrations of Diwali, the festival of lights and fire-crackers, sisters all over India get ready for 'Bhai Dooj' - when sisters ceremonize their love by putting an auspicious tilak or a vermilion mark on the forehead of their brothers and perform an aarti of him by showing him the light of the holy flame as a mark of love and protection from evil forces. Sisters are lavished with gifts, goodies and blessings from their brothers. Bhai Dooj comes every year on the fifth and last day of Diwali, which falls on a new moon night. The name 'Dooj' means the second day after the new moon, the day of the festival, and 'Bhai' means brother.

Source - http://hinduism.about.com/od/festival...

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