To resolve this problem do the followings:-
1] Boot computer with the Windows XP CD-ROM in the CD-ROM drive.
2] To repair a Windows XP installation using Recovery Console, press R.
3] At the command prompt, type the following commands:-
cd windowssystem32drivers [Press the ENTER Key]
ren ntfs.sys ntfs.old [Press the ENTER Key]
If the ntfs.sys file is there and corrupt it will rename it. If it is not there then it was missing.
4]At the command prompt, type the following command, and then press ENTER:
copy X:i386ntfs.sys drive:windowssystem32drivers [Where X=CD-ROM Drive]
5]Remove the Windows XP CD from CD-ROM drive, type quit, and then
press ENTER to quit the Recovery Console.
6. Restart the system.