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The apex court perused the medical records of Kumar and observed that he has been examined by doctors at a government hospital here and his condition is stated to be stable and improving.
A bench of justices Sanjay Kishan Kaul and M M Sundresh said it is not inclined to grant him bail on medical grounds.
The 75-year-old Kumar is serving life imprisonment after the Delhi High Court had convicted him and others in the case on December 17, 2018.
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The riots had broken out after the assassination of then prime minister Indira Gandhi on October 31, 1984 by her two Sikh bodyguards.