Wall Street futures were trading mixed on Thursday, with Nasdaq futures declining as chipmakers and data centre-related stocks remained under pressure.

At around 5 pm India time, Nasdaq futures were down 0.6 percent, while Dow futures gained 0.7 percent and S&P 500 futures rose 0.15 percent.

Qualcomm shares plunged 10.1 percent in premarket trading after the chipmaker reported lower-than-expected fourth-quarter smartphone chip sales amid sluggish demand and declining revenue from Apple-related business.

Broader chip stocks also remained under pressure following losses in the previous session. Nvidia fell 0.4 percent, Marvell Technology declined 2.5 percent, while Intel was down 1.7 percent.

Brent crude futures dropped 1 percent to USD 93.5 per barrel, extending losses after falling 8.7 percent in the previous session.

The S&P 500 had posted its biggest single-day percentage gain in three months in the previous session, as easing political uncertainty following the Democrats' sweeping midterm election victory boosted investor risk appetite.

In Asian markets, South Korea's Kospi and Japan's Nikkei 225 ended sharply lower, while Shanghai's SSE Composite and Hong Kong's Hang Seng settled higher.

European markets were trading in positive territory.

In the domestic market, the BSE Sensex surged 2,008.61 points, or 2.6 percent to settle at 79,310.01. During the session, it jumped 2,168.63 points or 2.8 percent to hit 79,470.03.

The NSE Nifty gained 576 points, or 2.4 percent to close at 24,536.60.