While the Indian stock markets were trading sideways on Tuesday, among major gainers were Reliance Communications, JP Associates and Auto Major M&M.

Anil Ambani led telecom major Reliance Communications gained nearly 2.5% in early trader. The stock have gained over 8% compared to its price a month earlier. The company has received shareholders' nod to raise funds by issue of securities. The company is planning to enhance its financial position.

Auto major M&M was among major gainers in early trade. The company announced that it will increase the price for its various models as the raw material costs have inched up. The stock is currently trading at Rs 700 and has gained nearly 14% over the past one month.

JP Associates was also among major movers. The stock registered decent volumes during early trading on Tuesday.