Harikrishna ran in to Eltaj, who was on a recovery path, and the Indian completely messed up a good position.
Playing white, Harikrishna had everything under control and was in a much better position but the Indian went haywire with an optical blunder that cost him a rook for a minor piece and eventually the game.
Shakhriayar Mamedyarov of Azerbaijan emerged as the champion with his second fantastic win coming against Anish Giri of Holland.
Mamedyarov won the first game of the play-off and survived some anxious moments in the second to win his maiden super tournament on the home soil.
Giri finished in a tie for the third place along with Sergey Karjakin of Russia while Rauf Mamedov of Azerbaijan defeated Yifan Hou of China to end on the fifth place on a fifty percent score after nine rounds.
Harikrishna had to be content with a joint sixth place finish. He is now 15 points short of becoming the new India number one after Viswanathan Anand.
Results final round: P Harikrishna (Ind, 4) lost to Safarli Eltaj (Aze, 4); Fabiano Caruana (Usa, 6) drew with Sergey Karjakin (Rus, 5); Pavel Eljanov (Ukr, 3.5) drew with Teimour Radjabov (Aze, 4); Yifan Hou (2.5)lost to Rauf Mamedov (Aze, 4.5); Shakhriyar Mamedyarov (Aze, 6) beat Anish Giri (Ned, 5.5).
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