New Delhi: India is under rising pressure from a combination of factors – global oil shocks, rising bond yields, foreign investor outflows and layoffs by tech-sector multinationals. The stress is showing up in the financial as well as job markets, hurting citizens in different ways.Investors ended Tuesday (September 15) poorer by around Rs 9.50 lakh crore in a single session as Nifty fell 1.19% and the BSE Sensex crashed almost 778 points.Equities fell sharply as crude oil prices surged above $100 a barrel as the conflict in West Asia continues. Meanwhile, rising US Treasury yields (beyond 5% for 10-year US Treasury bonds) added to pressure on assets in emerging market, including India.The sell-off in the markets pushed the combined market capitalisation of companies listed on the BSE to just below $5 trillion, a three-month low, reports the Economic Times. India’s share of global market capitalisation fell below 3%, the lowest since June 3. Nifty dropped to its lowest level in five months.The pressure has been compounded by foreign portfolio investors (FPIs), who have remained net sellers of Indian equities for most of 2026. FPIs offloaded about Rs 13,138 crore of Indian equities in the first 10 trading sessions of September 2026, the Hindu reports, taking their cumulative net outflow for the year to roughly Rs 2.37 lakh crore.The selling has wiped off 44% of the Rs 29,631 of the net inflows recorded in August, said the publication. The current dip is being attributed by experts to relatively elevated Indian equity valuations (compared with earnings), weak returns (especially from Nifty) after adjusting for rupee depreciation and concerns over global interest rates.The rupee has also come under pressure, weakening for a fifth consecutive session to close at Rs 95.88 against the dollar on Tuesday (September 15).A combination of FPI outflows, higher US yields and rising crude prices is significant for India, which imports more than 88% of its crude oil requirement.That is also why the oil shock extends beyond the stock market in India. With Brent crude rising to around $108 a barrel and India’s crude basket reaching $128.70 a barrel on September 14, higher oil prices threaten to widen the import bill and add pressure to inflation and fuel costs.The New Indian Express reported Tuesday that India’s crude basket was valued at $128.7 a barrel on September 14, and that every $1 increase in crude prices could raise India’s import bill by and estimated Rs 18,000 crore.At the same time, there is pressure on Indian markets from news that Oracle’s India operations have downsized by between 2,500 and 4,000 employees, part of a global entrenchment plan drawn up by a company. The company is reportedly “restructuring” with artificial intelligence and cloud infrastructure developments in mind, although Oracle did not officially confirm these developments.The company’s global workforce declined by 21,000, or 13%, in the 2026 fiscal year that ended May 31, including through layoffs, Business Insider reported in August.Global uncertainty is affecting India at the macro scale as well. Higher energy costs are threatening inflation outlook, elevated global yields are making emerging-market assets lose sheen and foreign selling is weighing on equities and the rupee.The upcoming US Federal Reserve meeting is keenly watched in this respect. Meanwhile, sustained disruption to oil supplies could keep pressure on India’s import bill and financial markets. The pressure from rising inflation in the US, which heads for midterm polls soon, is likely towards higher yields as interest rate cuts look less likely in the current scenario.