The ceremony opened with a video that looked back on the 17 days of events and competition.
It all happened after one year of shutdown that sent most training and competition schedules haywire.
Bajrang had defeated Kyrgyzstans Ernazar Akmataliev and Irans Morteza Cheka Ghiasi before losing to Hazai Aliev from Azerbaijan in the semifinals on Friday.
The Indian men's team, which ended a 41-year-old medal drought by clinching a historic bronze in the Olympics, was placed behind gold-medallist Belgium and silver-medallist Australia.
The Indian women's hockey team may have lost in the bronze medal play-off in its maiden semi-final entry in the Olympics, but it won the hearts of its fans with its spirited performances.
The quartet of Muhammed Anas Yahiya, Tom Noah Nirmal, Rajiv Arokia and Amoj Jacob ran 3 minutes 25 second to finish fourth in the second heat.
The International Olympic Committee (IOC) has cancelled Gaidarov's accreditation after a hearing was held in the matter.
The 23-year-old Aditi ground out a 3-under 68 in the third round of the women's golf competition at Kasumigaseki Country Club to be in sole second place on 12-under 201.
Bajrang, who was widely tipped to bag the gold medal, will now compete for bronze. Aliyev was dominant from the beginning and relentlessly kept piling on the pressure on Bajrang by taking a lead and...
The 25-year-old Priyanka clocked 1 hr 32 minute 36 seconds, well outside her personal best of 1:28:45 which she had come up with during the National Open Race Walk Championships in February.