Hi friends,
You can repair your corrupted Outlook PST file using "Inbox Repair Tool" which comes pre installed with MS office. But this repair tool fails to fix severely corrupt PST file. In this kind of situation you can use a PST repair tool to repair corrupted PST and recover all the Outlook elements from it.. Click the below link for more details:
http://www.remosoftware.com/pst-file-repair-tool