Set pressure cooker to "sear" and press "start/stop". Add fennel and mustard seeds. Toast the seeds and transfer to plate to cool. Once cooled, grind seeds into a spice using a spice mill or a pestle and mortar.
In a food processor, add tomatoes and chilies. Pulse until a paste is made.
Pour tomato-chili mixture in cooker. Add ground fennel and mustard seeds, vinegar, Kashmiri chili powder, paprika, sea salt, and sugar.
Close and lock lid, set pressure cooker to "steam/veggies", and press "start/stop".
When done, quick release and make sure all pressure is released before opening lid. Carefully open lid. Cool and refrigerate. Hot sauce is good for up to 5 days.