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The Grandmaster finished first in both the classic and blitz events in Spain.
The Kerala-based Grandmaster remained unbeaten in the nine-round tournament.
The 25-year-old Grand Master from Thiruvananthapuram climbed up the rungs of success in the game of sixty-four squares, capturing many international titles and earning a spot in the India 'A' team.
The Indian GM shocked super GM Fabiano Caruana in their eighth-round clash.
GM D Gukesh continued his fine form notching up his seventh straight win.
Union Sports Minister Thakur inaugurated the opening round by making the first move on Vidit Gujrathi's board.
Narayanan earlier played a thrilling 13-game match with highly-rated GM David Navara.
India will field four teams, two each in the Open and Women's sections.
The native of Thiruvananthapuram finished with 7 points from nine rounds and has improved his Elo rating to 2657.