Negi settled for a draw with Sergey Fedorchuk in the final round of the event that featured 76 Grandmasters in a field of 563 players.
Negi scored seven out of nine in the event played over a Swiss System.
Interestingly, Negi had tied with fellow Indian P Harikrishna in the same event last year, and lost out the Trophy in a tie-break.
The same happened this time as Negi was placed second on the basis of tie-break points with GM Sugirov Sanan of Russia.
Negi remained unbeaten, winning five games and drawing four for a solid result.
Top seeded Krishnan Sasikiran had a poor outing finishing well below his seeding in 44th place with six out of nine points.
Sasikiran had four wins, one loss and four draws.
Another Indian player G N Gopal also had a disappointing tournament scoring 2.5 in 9 rounds.
The GMs tying with Negi were Sjugirov, Maxim Rodshtein (2616), Sergey Fedorchuk (2643), Eric Hansen (2557), Jianu Vlad-Cristian (2500) and Alexei Fedoroc (2576) and Yuri Vovk (2594).
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