I'm facing really a weird problem.

That above image ensured that xampp is working properly.

The above image ensured that ports are uniquely assigned.
I have configure the skype as recommended. Windows hosts file has the ip mapping for localhost. But when I'm trying access localhost in browser it is saying "The connection has timed out". I have tried with other ports like 8080 and 4433 but no success.
So what I need to do to run localhost in browser.
Please let me know if you need any further info to debug.
Thanks.