Thank you very much Mr. Peters, Mr. Subramanya and Mr. Ginnu for the replies.
Thought I would like to share my experience to everyone, it might be useful to other person, who unfortunately under goes this situation.
I called the CBP (customs border petrol) people and explained my situation, asked them is there any possibility that I can enter US without document. They told me there is good amount of chances that I can enter US. So I went to US Consulate in Canada, tried to report my passport and visa lost, but the security people were not allowing me to enter into the build. Security has passed my number to the consular and said consular will call me back.
Then I went to Port of entry (by drive) gave the copies of document I had (police report, US driving license and copies of passport, which I luckily found in my mail as scanned copies). The immigration people were able to pull my data from their database. The good part of this incident is I lost passport after my visa got stamped. So they allowed me to enter US under missing document wavier program with documentation fee of about 271$.
Now I have to go through the process of applying passport and my degree certificates etc.
I sincerely pray to god no one has to read (no one has to go through this situation) this thread.
Thanks!