Analysts were however were hopeful that the US would be able to find a solution to its budget imbroglio. "Beyond the posturing, we are hopeful that the US politicians would be able to find a solution to the crisis," said Gautam Chhaochharia, head of India Research at UBS Securities.
However, if the crisis lasts longer, then the US GDP would get affected, impacting the global economy, he added.
The Sensex was up 44 points at 19,424.03 after being down over 100 points in early trade. The Nifty was up 12 points at 5,747.65.
The US government shutdown potentially puts up to 1 million workers on unpaid leave, closing national parks and stalling medical research projects.
Federal agencies were directed to cut back services after lawmakers could not break a political stalemate that sparked new que stions about the ability of a deeply divided Congress to perform its most basic functions.
The rupee was up 0.4 percent against the US dollar at 62.35, with the currency finding some support from a lower-than-expected June quarter current account gap, though a looming U.S. government shutdown continued to weigh. (With Reuters Inputs)
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