It cannot be executed transactionally (i.e. it will not update the index so that the change is visible to the subsequent statement in the transaction). The best you can do is upgrade to commit ( SYNC ON COMMIT ), as in:
create index your_table_x on your_table(your_column) indextype is ctxsys.context parameters ('sync (on commit)');
Text indexes are complex things, and I would be surprised if you could achieve a text index compatible with transaction / ACID (i.e. transaction A, inserting documents and having those that are visible in the index for this transaction and not visible for transaction B before commit).
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