Formal:
* സുന്ദരമായ ദിവസമാണ് (Sundaramaya Divasamaan) - This literally translates to "It is a beautiful day."
* നല്ല ദിവസമാണ് (Nalla Divasamaan) - This means "It is a good day."
Informal:
* നല്ല ദിവസം (Nalla Divasam) - This is a shorter version of "നല്ല ദിവസമാണ്" and can be used in casual conversation.
* ഇന്ന് നല്ല ദിവസമാണ് (Inn Nalla Divasamaan) - This means "Today is a good day."
The best way to say it depends on the context and who you are speaking to.