Player Flying after colliding - Unity

I have a Player with a capsule collider on him and i have various objects in the scene. Most of the objects have either mesh collider or box collider enabled. When i move my player and the player collides with any object, my player just starts flying into space, literally. Any way to fix this?

Thanks in Advance.

The code i have on my player is this:

using UnityEngine;
using System.Collections;

public class Controller : MonoBehaviour {
Animator anim;
Rigidbody rbody;
float inputH;
float inputV;
int Life=20;
bool Dead=false;
public float sensitivity=10f;
void Start () {
    anim = GetComponent<Animator> ();
    rbody = GetComponent<Rigidbody> ();
}
void Update () {
    if (Dead == false) {
        inputH = Input.GetAxis ("Horizontal") * 50f;
        inputV = Input.GetAxis ("Vertical") * 20f;
        anim.SetFloat ("inputH", inputH);
        anim.SetFloat ("inputV", inputV);
        float moveX = inputV  * Time.deltaTime;
        float moveZ = inputH * 0.5f * Time.deltaTime;
        this.transform.position += this.transform.forward * moveX;
        this.transform.position += this.transform.right * moveZ;
        transform.Rotate(0, Input.GetAxis("Mouse X") * sensitivity, 0);
    }
    if (Input.GetKey (KeyCode.Z))
        Life--;
    if (Life == 0)
        Dead = true;
    anim.SetBool("Dead",Dead);
}
}