The four were arrested under Section 307 of the Indian Penal Code that deals with attempted murder, apart from Sections 336 (Endangering life), 427 (Mischief causing damage), and 511 (Attempt to commit offence), in connection with the case registered at Gorchuk police station.
Police, however, did not divulge their names as it was yet to ascertain whether the accused were juveniles or adults.
"Investigation so far has revealed that the four were frustrated to see India's bad performance against Australia. They had consumed alcohol before watching the T20 match.
A stone was thrown at the bus carrying the Australian cricket team when it was returning to the hotel from the Barsapara Cricket Stadium after their eight-wicket win over India in the second T20 match of the three-match series in Guwahati.
The DGP said police will seek their 10-day custody from a local court.