Smith was fielding in the match at the Adelaide Oval on Thursday when he injured his left ankle, CA said.
"He came off the field and had his ankle strapped and was able to return to the field for the remainder of the match," sports science and sports medicine manager Alex Kountouris said in a statement.
"Following further assessment this morning we believe Steve has sustained a medial ligament injury to his ankle. He will return to Sydney today to undergo scans to confirm the diagnosis.
The New Zealand ODI tour was due to start on Monday.
Cricket Australia said a replacement for Smith would be chosen by the national selection panel later today.
The setback came less than a month before the tough Indian tour.
"We've got a lot coming up so they think it's an opportunity to rest it and be right for India," Smith told reporters in Adelaide, cricket.Com.Au reported.
"It's a bit of a shock. I just landed really awkwardly on my foot and I felt something straight away.
The first Test against top-ranked India begins in Pune on February 23.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
