you should use HD 7750 and get a good and cheap PSU like Corsair VS450 or Seasonic SS400BT.
it will keep your system safe or else if you're going to use cheap PSU like Intex or VIP then you'll lose your GPU within 1 year.
not sure whether it takes 1 year or not but it will fry your GPU 1 day.
its better to have a good psu in system to make your pc safe.