A graphics card that you buy will more than likely be much more powerful than the HD Intel graphics in the i3 and i5 6- CPUs only. Depends on your budget. If you only want an image on the screen then go onto ebay and get a cheap PCI-express card.
For about £90 in the UK you can get an ATI Radeon 5750 card which will play most games at above 30fps at 1280x1024 resolution. Or blow you life savings on a 59- Radeon or new nVidia 4- card. Ok i can understand.
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But you did not be specific. I asked this question because i am in confusion which processor i should buy. I5 750 or i5 661.
My view is that if get a Graphics card similar to that of Intel HD integrated Graphics in i5 661, then i can get the same equivalent of graphics in i5 750. Thought you had finished your shopping. Gigabyte H55M-S2H does not have motherboard integrated video. You'll need to add a video card or use a CPU that has an included video chip like the Intel Clarkdale dual core CPUs, i3 530/540, Core i5 650/660/661 or Pentium G6950. CPU is the small chip. GPU is the big chip on this Clarkdale CPU. If the Nvidia 9500GT the only video card you'll be using?
Any Geforce GT 220s in your area? If so you can use a smaller PSU; 350W of a quality brand. If you think you want a slightly better gaming video card you want to look at good 400W PSUs I think.
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A really nice gaming video card and you'll want to think about 500W PSUs. If you list the make and models of PSUs available to you we can steer you onto a good one. The rest of your parts list looks good. Is it necessary to apply thermal paste on the processor if i didnot overclock and use intel Stock cooler? Not necessary to apply thermal paste on the processor. The stock intel cooler comes with thermal paste already applied on the bottom of the heat sink. It's not necessary, and would probably cause the CPU to run hotter, if you did add more thermal pasted directly on the CPU.
In this picture of the stock Intel cooler you see the 3 gray patches of thermal compound on the copper heatsink. That's all you need. Intel graphic is just a joke, go for i5 750 and don't think about that. This CPU is maybe best processor for overclocking.